L-2013-103, Decommissioning Funding Status Reports
| ML13093A156 | |
| Person / Time | |
|---|---|
| Site: | Saint Lucie, Point Beach, Seabrook, Turkey Point, Duane Arnold  |
| Issue date: | 03/25/2013 |
| From: | Larry Nicholson Florida Power & Light Co, NextEra Energy Duane Arnold, Point Beach, NextEra Energy Seabrook |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| L-2013-103 | |
| Download: ML13093A156 (26) | |
Text
N era T
M MAR 2 5'2013 ENBR GYn L-2013-103 Nuclear Regulatory Commission 10 CFR 50.75(f)(1)
Attn: Document Control Desk Washington, DC 20555-0001 RE:
Florida Power and Light Company St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 NextEra Energy Seabrook, LLC Seabrook Station Docket No. 50-443 NextEra Energy Duane Arnold, LLC Duane Arnold Energy Center Docket No. 50-331 NextEra Energy Point Beach, LLC Point Beach Units 1 and 2 Docket Nos. 50-266, 50-301 Decommissioning Funding Status Reports Pursuant to 10 CFR 50.75(f)(1), enclosed are the Decommissioning Funding Status (DFS) Reports for the following units:
- 1. St. Lucie Units 1 and 2
- 2.
Turkey Point Units 3 and 4
- 3. Seabrook Station
- 4.
Duane Arnold Energy Center
- 5.
Point Beach Units 1 and 2 Florida Power and Light Company (FPL) is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. FPL, Florida Municipal Power Agency, and Orlando Utilities Commission own St. Lucie Unit 2. The report for St. Lucie Unit 2 provides the status of decommissioning funding for all three owners of that unit.
NextEra Energy Seabrook, LLC (Seabrook), Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, and Taunton Municipal Lighting Plant own Seabrook Station. The report for Seabrook Station provides the status of decommissioning funding for all four owners of that unit.
NextEra Energy Duane Arnold, LLC (Duane Arnold), Central Iowa Power Cooperative, and Corn Belt Power Cooperative own Duane Arnold Energy Center. The report for Duane Arnold Energy Center provides the status of decommissioning funding for all three owners of that unit.
NextEra Energy Point Beach, LLC is the sole owner of Point Beach Units 1 and 2.
Aw:l NextEra Energy, Inc.
700 Universe Boulevard, Juno Beach, FL 33408
L-2013-103 Page 2 of 2 This letter contains no new commitments and no revisions to existing commitments.
Should there be any questions, please contact Pamela Metz at (561) 691-2654.
LryNicholson Director of Licensing Status Reports (5)
St. Lucie Nuclear Plant - Unit 1 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
NRC Minimum (a)
FPL (100%)
499,032,730 (a) Refer to Attachment I for calculation assumptions
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
Total' FPL (100%)
788,017,915]
Projected Funds at Shutdown (2% real rate of return).
Projected Funds at Shutdown FPL (100%) (see note (b))
1,247,082,374 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-El, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None 1 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos. MD9354 and MD9355), provides FPL should report all funds within the external trust to the NRC as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs for informational purposes based on assumptions from the decommissioning cost study filed in December 2010 with the Florida Public Service Commission.
Page 1 of 24
ATTACHMENT I ST. LUCIE NUCLEAR PLANT - UNIT I NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
Where:
$101.58 million is value for reference PWR 2 in 1986 dollars L = Labor escalation factor to current year3 E = Energy escalation factor to current year4 B = LLRW escalation factor to current year5 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 2 117.8 2
Base adjustment factor from N UREG-1 307 1 1.98 3
Escalation factor from N U REG-1307 100 4
L = #1 times #2 divided by #3 2.33 5
Electric power escalation factor, 2012 6 213.0 6
Electric power escalation factor for Jan., 1986 from N U REG-1 307 114.2 7
Fuel escalation factor for 2012 7 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1307 5 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.91 14 1986 minimum-millions of dollars for PWR 101.58 15 2012 minimum-millions of dollars: #13 times #14 499.0 2 NUREG 1307, Rev 15, Table 3.2 3 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
4 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
5 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
6 December 2012 value is 213.0 (See note #4) Information was preliminary as of 01/15/13.
7 December 2012 value is 302.6 (See note #4) Information was preliminary as of 01/15/13.
Page 2 of 24
ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT I St. Lucie Unit 1 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b). The information summarized below is intended only to allocate the NRC license termination portion of the trust fund balance for informational purposes since the total trust balance includes funds collected for spent fuel management and site restoration.
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2012 TLG Cost Study (thousands of $2010)
License Termination Spent Fuel Management Site Restoration Total Cateaory %
License Termination Spent Fuel Management Site Restoration Total St. Lucie Unit 1-1 534,825 188,629 43,670 767,124 69.72%
24.59%
5.69%
100%
Projected Trust Fund Balance at Shutdown Projection at Shutdown - Ucense Termination Portion (Allocation based on TLG Study) 1,247,082,374 869,443,311 Page 3 of 24
St. Lucie Nuclear Plant - Unit 2 Florida Power and Light Company (FPL),
Florida Municipal Power Agency (FMPA),
Orlando Utilities Commission (OUC)
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
NRC Minimum (a)
FPL (85.10449%)
425,201,337 FMPA (8.806%)
43,647,998 OUC (6.08951%)
30,183,396 Total 499,032,730 (a) Refer to Attachment I for calculation assumptions
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
Total8 FPL (85.10449%)
655,791,000 FMPA (8.806%)
58,983,502 OUC (6.08951%)
38,965,088 Total 753,739,590
- 3.
Projected Funds at Shutdown (2% real rate of return).
FPL (85.10449%) (see note (b))
1,194,531,215 FMPA (8.806%) (see note (c))
107,439,160 OUC (6.08951%) (see note (c))
70,975,378 Total 1,372,945,753 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-1 1-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
(c) Assumes no contributions to the fund.
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos. MD9354 and MD9355), provides FPL should report all funds within the external trust to the NRC as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs for informational purposes based on assumptions from the decommissioning cost study filed in December 2010 with the Florida Public Service Commission.
Page 4 of 24
ATTACHMENT 1 ST. LUCIE NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $101.58 million X (0.65L + 0.13E + 0.22B)
Where:
$101.58 million is value for reference PWR 9 in 1986 dollars L = Labor escalation factor to current year10 E = Energy escalation factor to current year11 B = LLRW escalation factor to current year 12 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 11 117.8 2
Base adjustment factor from NUREG-1307 10 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.33 5
Electric power escalation factor, 201213 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7
Fuel escalation factor for 2012 14 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1307 13 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.91 14 1986 minimum-millions of dollars for PWR 101.58 15 2012 minimum-millions of dollars: #13 times #14 499.0 NUREG 1307, Rev 15, Table 3.2 10 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
12 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
13 December 2012 value is 213.0. (See note #12) Information was preliminary as of 01/15/13.
14 December 2012 value is 302.6 (See note #12) Information was preliminary as of 01/15/13.
Page 5 of 24
ATTACHMENT 2 ST. LUCIE NUCLEAR PLANT - UNIT 2 St. Lucie Unit 2 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b). The information summarized below is intended only to allocate the NRC license termination portion of the trust fund balance for informational purposes since the total trust balance includes funds collected for spent fuel management and site restoration.
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2012 TLG Cost Study (thousands of $2010)
License Termination Spent Fuel Management Site Restoration Total St.Luc,eUnit2 FPL FMPA OUC 5177A10 142,476 51,744 711,630 Cateaiory %
License Term ination Spent Fuel Management Site Restoration Total 72.71%
20.02%
7.27%
100%
Projected Trust Fund Balance at Shutdown Projection at Shutdown - Ucense Termination Portion (Allocation based on TLG Study) 1,372,945,753 1,194,531,215 107,439,160 998,237,654 868,516,499 78,116,572 70,975,378 51,604,584 Page 6 of 24
Turkey Point Nuclear Plant - Unit 3 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
NRC Minimum (a)
FPL (100%)
482,776,927 (a) Refer to Attachment 1 for calculation assumptions
- 2.
The amount accumulated at the end of the calendar year preceding the date of the reDort. (Trust fund balance is net of taxes) 3.
I I
Total1 :
FPL (100%)
659,599,944 Projected Funds at Shutdown (2% real rate of return).
Projected Funds at Shutdown FPL (100%) (see note (b))
971,659,513 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-11-0381-PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None 15 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos. MD9354 and MD9355), provides FPL should report all funds within the external trust to the NRC as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. FPL is utilizing the same reporting assumptions for both Turkey Point and St. Lucie. Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs for informational purposes based on assumptions from the decommissioning cost study filed in December 2010 with the Florida Public Service Commission.
Page 7 of 24
ATTACHMENT 1 TURKEY POINT NUCLEAR PLANT - UNIT 3 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
Where:
$98.27 million is value for reference PWR16 in 1986 dollars L = Labor escalation factor to current year 17 E = Energy escalation factor to current year1 8 B = LLRW escalation factor to current yearl9 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 18 117.8 2
Base adjustment factor from NUREG-1 307 17 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.33 5
Electric power escalation factor, 2012 20 213.0 6
Electric power escalation factor for Jan., 1986 from N U REG-1 307 114.2 7
Fuel escalation factor for 2012 21 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1307 20 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.91 14 1986 minimum-millions of dollars for PWR 98.27 15 2012 minimum-millions of dollars: #13 times #14 482.8 18 NUREG 1307, Rev 15, Table 3.2 17 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
18 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
19 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
2o December 2012 value is 213.0. (See note #19) Information was preliminary as of 01/15/13.
21 December 2012 value is 302.6 (See note #19) Information was preliminary as of 01/15/13.
Page 8 of 24
ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 3 Turkey Point Unit 3 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b). The information summarized below is intended only to allocate the NRC license termination portion of the trust fund balance for informational purposes since the total trust balance includes funds collected for spent fuel management and site restoration.
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2012 TI (R (~net R$..rdu I*'hn,,c:*nr4 nf£7fntnl IF Turkey Point I Unit3 I
License Termination Spent Fuel Management Site Restoration Total Category %
License Termination Spent Fuel Management Site Restoration Total 449,543 169,113 35,047 653,703 68.77%
25.87%
5.36%
100%
971,659,513 668,197,534 Projected Trust Fund Balance at Shutdown Projection at Shutdown - UcenseTermination Portion (Allocation based on TLG Study)
Page 9 of 24
Turkey Point Nuclear Plant - Unit 4 Florida Power and Light Company (FPL),
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
NRC Minimum (a) 482,776,927 FPL (100%)
(a) Refer to Attachment I for calculation assumptions 482,776,927
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
/
Total22 FPL 100%
743,086,874 Projected Funds at Shutdown (2% real rate of return).
Projected Funds at Shutdown FPL (100%) (see note (b))
1,110,496,124 (b) Pursuant to Florida Public Service Commission (FPSC) Order No. PSC-1 1-0381 -
PAA-EI, customer contributions to the decommissioning trust remain at zero effective September 12, 2011.
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6. Any material changes to trust agreements.
None None None 22 NRC letter dated November 26, 2008, St. Lucie Plant, Unit Nos. 1 and 2 - Biennial Decommissioning Funding Report (TAC Nos. MD9354 and MD9355), provides FPL should report all funds within the external trust to the NRC as designated for radiological decommissioning purposes since FPL does not earmark each cost component of decommissioning within the trust. FPL is utilizing the same reporting assumptions for both Turkey Point and St. Lucie. Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs for informational purposes based on assumptions from the decommissioning cost study filed in December 2010 with the Florida Public Service Commission.
Page 10 of 24
ATTACHMENT I TURKEY POINT NUCLEAR PLANT - UNIT 4 NRC Minimum Decommissioning Cost Determination NRC Minimum = $98.27 million X (0.65L + 0.13E + 0.22B)
Where:
$98.27 million is value for reference PWR23 in 1986 dollars L = Labor escalation factor to current year24 E = Energy escalation factor to current year25 B = LLRW escalation factor to current year26 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 25 117.8 2
Base adjustment factor from NUREG-1 307 24 1.98 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.33 5
Electric power escalation factor, 2012 27 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2012 28 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1307 27 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.91 14 1986 minimum-millions of dollars for PWR 98.27 15 2012 minimum-millions of dollars: #13 times #14 482.8 23 NUREG 1307, Rev 15, Table 3.2 24 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002201 (South Region).
25 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
26 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
27 December 2012 value is 213.0 (See note #26) Information was preliminary as of 01/15/13.
28 December 2012 value is 302.6 (See note #26) Information was preliminary as of 01/15/13.
Page 11 of 24
ATTACHMENT 2 TURKEY POINT NUCLEAR PLANT - UNIT 4 Turkey Point Unit 4 is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b). The information summarized below is intended only to allocate the NRC license termination portion of the trust fund balance for informational purposes since the total trust balance includes funds collected for spent fuel management and site restoration.
Florida Power and Light Company Decommissioning Trust Fund - License Termination Funds As of December 31, 2012 TI C-Cot ~tudt
, Ithn,,.-nrh nn t
fl fl NI Turkey Po nt Unit 4 License Termrination Spent Fuel Management Site Restoration Total Category %
License Termination Spent Fuel Management Site Restoration Total 483,444 204,893 44,176 732,513 66.00%
27.97%
6.03%
100%
1,110,496,124 732,905,339 Projected Trust Fund Balance at Shutdown Projection at Shutdown - Ucense Termination Portion (Allocation based on TLG Study)
Page 12 of 24
Seabrook Station NextEra Energy Seabrook, LLC, Hudson Light and Power Department, Massachusetts Municipal Wholesale Electric Company, Taunton Municipal Lighting Plant Decommissioning Funding Status Report29
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
2.
3.
Plant Owner (% Ownership)
NRC Minimum (a)
NextEra Energy Seabrook, LLC. (88.22889%)
468,028,234 Hudson Light and Power Department (.07737%)
410,425 Massachusetts Municipal Wholesale Electric Company (11.5934%)
61,499,567 Taunton Municipal Lighting Plant (.10034%)
532,274 Total 530,470,500 (a) Refer to Attachment 1 for calculation assumptions The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes)
Total 30 NextEra Energy Seabrook, LLC. (88.22889%)
419,146,958 Hudson Light and Power Department (.07737%)
417,509 Massachusetts Municipal Wholesale Electric Company (11.5934%)
40,802,219 Taunton Municipal Lighting Plant (.10034%)
545,242 Total 460,911,928 Projected Funds at Shutdown (2% real rate of return).31 NextEra Energy Seabrook, LLC. (88.22889%)
633,213,222 Hudson Light and Power Department (.07737%)
630,738 Massachusetts Municipal Wholesale Electric Company (11.5934%)
61,640,682 Taunton Municipal Lighting Plant (.10034%)
823,707 Total 696,308,349 I _______________________
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None The New Hampshire Nuclear Decommissioning Financing Committee (NDFC) was established under New Hampshire law (to provide assurance of adequate funding of nuclear generating facilities) "to ensure proper and safe decommissioning and subsequent surveillance of nuclear reactor sites to the extent necessary to prevent such sites from constituting a hazard to future generations." RSA 162-F:1. NDFC is responsible for determining the appropriate amount of money that needs to be set aside and maintained in a trust fund, and periodically updated, for the purpose of decommissioning any nuclear facilities located in the state of New Hampshire.
30 Attachment 2 allocates the trust account amounts by license termination, spent fuel management and site restoration costs for informational purposes based on assumptions from the most recent decommissioning cost study submitted to the New Hampshire NDFC.
31 In its most recent final order, the NDFC authorized a nominal rate of return of 3.5% for cash and cash equivalents, 6% for bond investments and 9.5% for equity investments along with an assumed decommissioning cost escalation of 3.85%. This report simply applies the NRC's allowed 2% real rate of return.
Page 13 of 24
ATTACHMENT 1 SEABROOK STATION NRC Minimum Decommissioning Cost Determination NRC Minimum = $105 million X (0.65L + 0.13E + 0.22B)
Where:
$105 million is value for reference PWR32 in 1986 dollars L = Labor escalation factor to current year 33 E = Energy escalation factor to current year34 B = LLRW escalation factor to current year35 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 33 117.9 2
Base adjustment factor from NUREG-1 307 32 2.16 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.55 5
Electric power escalation factor, 2012 36 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2012 37 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1307 35 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.59 14 1986 minimum-millions of dollars for PWR 105 15 2012 minimum-millions of dollars: #13 times #14 530.5 32 NUREG 1307, Rev 15, Table 3.2
' NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, and Series CIU20100000002101 (Northeast Region).
3 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
3 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
3 December 2012 value is 213.0 (See note #34) Information was preliminary as of 01/15/13.
37 December 2012 value is 302.6 (See note #34) Information was preliminary as of 01/15/13.
Page 14 of 24
ATTACHMENT 2 SEABROOK STATION Seabrook Station is utilizing the formula method to demonstrate financial assurance pursuant to 10CFR 50.75(b). The information summarized below is intended only to allocate the NRC license termination portion of the trust fund balance for informational purposes since the total trust balance includes funds collected for spent fuel management and site restoration.
NextEra Energy Seabrook, LLC Decom missioning Trust Fund - License Termrnatlon Funds As of December 31,2012 TLG Cost Study Scenario I (thousands of $2010)
License Ternination Spent Fuel Management Site Restoration Total Seabrook NextEra Hudson I
MWEE
-Taunton 1
542,880 220,244 39,084 802,208 Component %
License Termination Spent Fuel Management Site Restoration Total 67.67%
27.45%
4.87%
100%
696,308.349 Projected Trust Fund Balance at Shutdown Projection at Shutdown - Ucense Termnnation Portion (Atlocation based on TLG Study) 633,213,222 630,738 61.640,682 823,707 471214.294 428,515,789 426,841 41.714,236 557429 Page 15 of 24
Duane Arnold Energy Center NextEra Energy Duane Arnold, LLC (NextEra),
Central Iowa Power Cooperative (CIPCO),
Corn Belt Power Cooperative (Corn Belt)
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
Plant Owner (% Ownership)
NRC Minimum (a)
NextEra (70%)
427,095,781 CIPCO (20%)
122,027,366 1Corn Belt 010%)
61,013,683 I Total 610,136,830 (a) Refer to Attachment 1 for calculation assumptions.
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balances are net of taxes) 3.
Plant Owner (% Ownership)
Total NextEra (70%)
251,575,231 CIPCO (20%)
44,007,995 Corn Belt (10%)
21,568,060 Total 317,151,286 Schedule of the annual amounts remaining to be collected.
Plant Owner (% Ownership)
NextEra (70%) (see notes (b))
$0 CIPCO (20%) (see note (b))
$0 Corn Belt (10%)
(c)
Total (b) Refer to Attachment 2 for Decommissioning Funding Plan, SAFSTOR Alternative.
(c) Actual annual contributions to the external sinking fund will vary based upon reassessment of owner's decommissioning funding obligations in light of NRC requirements, actual inflation, actual fund earnings, and other factors. Attachment 3 provides the funding schedules applicable to each of the Duane Arnold Energy Center Owners.
- 4.
Assumptions used regarding escalation in decommissioning costs, rate of earnings on decommissioning funds and rates of other factors used in funding projections.
Plant Owner (% Ownership)
Real Rate of Return NextEra (see note (d)) (70%)
2%
CIPCO (see note (e)) (20%)
4%
Corn Belt (see note (f)) (10%)
3%
Basis for Allowance:
(d) The real rate of return allowed by 10 CFR 50.75 is 2%.
Page 16 of 24
(e) Central Iowa Power Cooperative (CIPCO) is a public corporation incorporated under Chapter 499 Iowa Code (2009). CIPCO has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. CIPCO is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service.
CIPCO is governed by a 13 member Board of Directors that are elected by the CIPCO members. The Board of Directors is the rate making authority for CIPCO.
CIPCO rates are not regulated by any state or federal authority. In a Board Resolution dated October 27, 2009, the CIPCO Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of four percent.
(f) Corn Belt Power Cooperative is a public corporation incorporated under Chapter 499 Iowa Code (2009). CIPCO has the authority and is required to fix, establish, and collect adequate rates and other charges for electrical energy or services sold or furnished by it. Corn Belt is governed by an 11 member Board of Directors who are elected by its members. The Corn Belt Board of Directors is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service and is the rate making authority for the Cooperative. The Cooperative's rates are not regulated by any state or federal authority. In a Board Resolution dated October 30, 2009, the Corn Belt Board of Directors resolved that the rates and other charges for electrical energy services and the decommissioning fund be established assuming a real rate of return on the decommissioning fund of three percent.
- 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 method of providing financial assurance occurring since the last submitted report.
None
- 7.
Any material changes to trust agreements.
None Page 17 of 24
ATTACHMENT 1 DUANE ARNOLD ENERGY CENTER NRC Minimum Decommissioning Cost Determination NRC Minimum = $121.2 million X (0.65L + 0.13E + 0.22B)
Where:
$121.2 million is value for reference BWR 38 in 1986 dollars L = Labor escalation factor to current year 39 E = Energy escalation factor to current year40 B = LLRW escalation factor to current year" Item Description Value 1
Labor escalation factor for Quarter 4, 2012 39 115.9 2
Base adjustment factor from NUREG-1 307 38 2.08 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.41 5
Electric power escalation factor, 2012 42 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2012 43 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.54P(#9) + 0.46F(#10) per NUREG-1307 2.70 12 Value of B from Table 2.1 of NUREG-1307 41 14.16 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.57 14 1986 minimum-millions of dollars for BWR 121.2 15 2012 minimum-millions of dollars: #13 times #14 610.1 NUREG 1307, Rev 15, Table 3.2 39 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
40 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
41 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 14.16 for a combination of non-compact and compact-affiliated facilities assuming 95% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 5% is disposed at a compact-affiliated disposal facilities.
42 December 2012 value is 213.0. (See note #40) Information was preliminary as of 01/15/13.
43 December 2012 value 302.6 (See note #40) Information was preliminary as of 01/15/13.
Page 18 of 24
Gu Anold Ernegy Cents, Donomonsoalong Funding Pla 2034 Shutdown, 541.70STOR Mitanls (Thousnd. of Do.nt)
Basis Yea 2012 Fund B
-lanus*
-of12)311 (Tosands of Do0lls)
Hoot Era 251,575 ClPCO 44,0Om Co a1Bd 21,544 Total T.ot Fund Balance 317,151 70% ornership 10%ownershlp 10 __no.hlp 2009 Escalation 2010 Esoaloatior 2011 EsIFat1on 2012 Escalation donual Earinga - Hoot Er AEnu.l Earings - CtPCO Aonuat Earning. -Corn BDat 2.7%
1,5%
3.0%
1.7%
2%
4%
3%
A B
C 0
E H
0 2_75 Cost (200 Es 0t" E a 10 a t11 a t12
- Eaca, I
,o.
Eat czlatIon EatEýaIo-a Hoot Era Datoonn"a.lng Tn at 2%tmnbus 7o%o mst of 575 007 735 074 3t3 750 700 L15 043 350 321 770 170 640 14M 370 777 ClPCO 3s.wnoonistonloio ToJsl 7und Dolania ocallatn
.14% ninue 20% of 00)ate.
Dsocortnialording Trust Fund Batance ucaatad
.t3% rniu. I%nof 00p00ar+
Total Deconnrnlsiontn Trust Fud mirus J
T-t Fund
'7207.
-L CoumnsE E: (Con.'E (Pormos year's fund bsatce ) (1 -.02)). (Co*mn D' 0.70) (70% of
-u1rnt years deo-nlsisotng eopend*aeo)
Cofumn F- (Cdomn F(Pmevfu.*
year's fhnd ianrl)" (i2.04)). (Column D' 020) (20% of o1ýto eaens.
dsnmnijoonning etpendi)rns) 0 Colmns I (
emnt yeaos cosnbuhons)
Colfns Go (Cams G (Purlu yeat's hund baonoi) (Ia 03)) - (Coftnn 5 0,10) (10% ol 00rren2 yes'$ d iooio's4g eJ0e0hn4ur ) o Colujn J (omront yost' Golutoo)
CotmrnnH.-CoklunoEo÷Cofumn Fo ohissG Page 19 of 24
ATTACHMENT 3 Corn Belt Decommissioning Trust Fund Contributions (In thousands of dollars)
Year Corn Belt Decommissioning Trust Fund Contributions 2013 700 2014 850 Page 20 of 24
Point Beach Nuclear Plant - Unit I NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
NRC Minimum (a)
NextEra (100%)
450,911,592 (a) Refer to Attachment I for calculation assumptions.
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes) 3.
I Total NextEra 100%
297,353,475 Projected Funds at Shutdown (2% real rate of return).
Projected Funds at Shutdown NextEra (100%) (see note (b))
454,216,960 (b) Projection includes a pro-rata credit during the dismantlement period pursuant to IOCFR 50.75(e)(1)(ii).
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None Page 21 of 24
ATTACHMENT 1 POINT BEACH NUCLEAR PLANT - UNIT 1 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
Where:
$90.84 million is value for reference PWR44 in 1986 dollars L = Labor escalation factor to current year45 E = Energy escalation factor to current year46 B = LLRW escalation factor to current year4 7 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 45 115.9 2
Base adjustment factor from NUREG-1 307 44 2.08 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.41 5
Electric power escalation factor, 2012 48 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1 307 114.2 7
Fuel escalation factor for 2012 49 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1 307 82 9
P = #5 divided by #6 1.87 10 F = #7 divided by #8 3.69 11 E = 0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1 307 47 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.50 14 1986 minimum-millions of dollars for PWR 90.84 15 2012 minimum-millions of dollars: #13 times #14 450.9 4NUREG 1307, Rev 15, Table 3.2 45 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
46 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
47 NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
48 December 2012 value is 213.0 (See note #46) Information was preliminary as of 01/15/13.
49 December 2012 value is 302.6 (See note #46) Information was preliminary as of 01/15/13.
Page 22 of 24
Point Beach Nuclear Plant - Unit 2 NextEra Energy Point Beach, LLC (NextEra),
Decommissioning Funding Status Report
- 1.
The minimum decommissioning fund estimate pursuant to 10 CFR 50.75(b) and (c).
NRC Minimum (a)
NextEra (100%)
450,911,592 (a) Refer to Attachment I for calculation assumptions.
- 2.
The amount accumulated at the end of the calendar year preceding the date of the report. (Trust fund balance is net of taxes)
N0bTotal NextEra f100%see note (b))
280,175,685 (b) The fund balance as of February 28, 2013 is 290,083,710, an increase of more than 9 million dollars, which covers the shortfall identified in paragraph 3 below, which is projected based on the December 31, 2012 balance.
Projected Funds at Shutdown (2% real rate of return).
NextEra (100%) (see note (c))
448,906,021 (c) Projection includes a pro-rata credit during the dismantlement period pursuant to I OCFR 50.75(e)(1 )(ii).
3.
- 4.
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v).
- 5.
Any modifications to a licensee's method of providing financial assurance occurring since the last submitted report.
- 6.
Any material changes to trust agreements.
None None None Page 23 of 24
ATTACHMENT I POINT BEACH NUCLEAR PLANT - UNIT 2 NRC Minimum Decommissioning Cost Determination NRC Minimum = $90.84 million X (0.65L + 0.13E + 0.22B)
Where:
$90.84 million is value for reference PWR 50 in 1986 dollars L = Labor escalation factor to current year51 E = Energy escalation factor to current year52 B = LLRW escalation factor to current year5 3 Item Description Value 1
Labor escalation factor for Quarter 4, 2012 51 115.9 2
Base adjustment factor from NUREG-1 307 50 2.08 3
Escalation factor from NUREG-1307 100 4
L = #1 times #2 divided by #3 2.41 5
Electric power escalation factor, 2012 54 213.0 6
Electric power escalation factor for Jan., 1986 from NUREG-1307 114.2 7
Fuel escalation factor for 2012 55 302.6 8
Fuel escalation factor for Jan., 1986 from NUREG-1307 82 9
P
- 5 divided by #6 1.87 10 F
- 7 divided by #8 3.69 11 E
0.58P(#9) + 0.42F(#10) per NUREG-1307 2.63 12 Value of B from Table 2.1 of NUREG-1 307 53 13.885 13 0.65L(#4) + 0.13E(#11) + 0.22B(#12) 4.50 14 1986 minimum-millions of dollars for PWR 90.84 15 2012 minimum-millions of dollars: #13 times #14 450.9 50 NUREG 1307, Rev 15, Table 3.2 51 NUREG 1307 specified that source is Bureau of Labor Statistics Data, Employment Cost Index, Series CIU20100000002301 (Midwest Region).
52 NUREG 1307 specifies that source is a weighted calculation using Bureau of Labor Statistics Data, Producer Price Index-Commodities, Series wpu0573 (light fuel oils) and wpu0543 (industrial electric power).
NUREG 1307 provides a value for B in Table 2.1. In the January 2013 revision (Rev. 15) of the NUREG, the value is 13.885 for a combination of non-compact and compact-affiliated facilities assuming 93% of the total LLW volume is disposed using a non-compact disposal facility and the remaining 7% is disposed at a compact-affiliated disposal facilities.
5 December 2012 value is 213.0 (See note #52) Information was preliminary as of 01/15/13.
5 December 2012 value is 302.6 (See note #52) Information was preliminary as of 01/15/13.
Page 24 of 24