ML13098A084
| ML13098A084 | |
| Person / Time | |
|---|---|
| Site: | Calvert Cliffs, Nine Mile Point, Ginna  |
| Issue date: | 03/27/2013 |
| From: | Mormann S Constellation Energy Group, EDF Group |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| Download: ML13098A084 (31) | |
Text
Stephen A. Mormann VP - Financial Services & Treasurer Constellation Energy Nuclear Group, LLC 100 Constellation Way Suite 200C Baltimore, MD 21202 (410) 470-4809 CENG a joint venture of c
-wunto *VeDF Enw 40erg March 27, 2013 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION:
SUBJECT:
Document Control Desk Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2; Docket Nos. 50-317 & 50-318 Nine Mile Point Nuclear Station Unit Nos. 1 & 2; Docket Nos. 50-220 & 50-410 R.E. Ginna Nuclear Power Plant Docket No. 50-244 2013 Decommissioning Funding Status Report
REFERENCES:
(a) Letter from D. E. Lauver (CCNPP) to Document Control Desk (NRC), dated March 22, 2011, Submittal of Site-Specific SAFSTOR Decommissioning Cost Estimates (ML110830680)
(b) Letter from H. B. Barron (CENG) to Document Control Desk (NRC), dated November 20, 2009, Submittal of Site-Specific SAFSTOR Decommissioning Cost Estimates (ML093340088)
(c) Letter from Mr. S. A. Mormann (CENG) to Document Control Desk (NRC),
dated December 17,
Title 10 CFR 50.75(f)(1) requires that each power reactor licensee report to the U.S. Nuclear Regulatory Commission (NRC) at least once every two years on the status of its decommissioning funding for each reactor or part of a reactor that it owns. Pursuant to this requirement, this letter forwards the 2013 Decommissioning Funding Status Report (which reports the funding status as of December 31, 2012) for Calvert Cliffs Nuclear Power Plant (CCNPP), Nine Mile Point Nuclear Station (NMPNS), and R.E.
Ginna Nuclear Power Plant (Ginna). Ginna, CCNPP and NMPNS Unit 1 (NMP1) are wholly owned subsidiaries of Constellation Energy Nuclear Group, LLC (CENG). Nine Mile Point Nuclear Station Unit 2 (NMP2) is co-owned 82% by a wholly owned subsidiary of CENG and 18% by Long Island Power Authority (LIPA).
The information provided in this letter for NMIP2 includes summary statements provided and verified by LIPA.
Document Control Desk March 27, 2013 Page 2 The information required by 10 CFR 50.75(f)(1) is provided in Attachment (1), which contains a table and explanatory notes for each site, with the NRC Minimum amounts calculated based upon the labor, energy, and burial cost escalation factor guidelines in NUREG-1307, Revision 15, issued in January 2013. Financial assurance for radiological decommissioning to allow for license termination for each unit is demonstrated by the use of site-specific nuclear decommissioning cost studies in lieu of the NRC Minimum amounts.
Reference (a) contains the nuclear decommissioning cost study for CCNPP.
Reference (b) contains the nuclear decommissioning cost studies for NMPNS and Ginna. Each of these nuclear decommissioning cost studies (collectively, the Cost Studies) presents decommissioning cost estimates (DCEs) under an immediate decontamination (prompt DECON) Scenario 1 and a delayed DECON (SAFSTOR) Scenario 3.
The Cost Studies are in 2009 dollars. The DCEs are escalated from 2009 dollars to December 31, 2012 dollars based on the rates of increase in the NRC Minimum amounts for the respective units from December 31, 2008 to December 31, 2012. That period approximates the period from the Cost Studies, which reflect 2009 dollars, to December 31, 2012. Further, in order to reflect a consistent rate of cost escalation, the calculated escalation factors exclude the effect of unit uprates authorized during that period. Attachment (5) calculates the rates of increase in the NRC Minimum during that period, and it includes the calculation of the NRC Minimum amount for each unit as of December 31, 2008 using the unit's total megawatt thermal rating as of December 31, 2012.
10 CFR 50.75(b)(1) requires that the DCEs be greater than the NRC Minimum amounts if they are to be relied on for decommissioning funding assurance. The NRC Minimum amounts as of December 31, 2012 are calculated in Attachment (2). As shown in Attachment (3), the DCEs based on the Scenario 1 prompt DECON assumptions in the Cost Studies, with the DCEs escalated to December 31, 2012 dollars, are greater than the NRC Minimum amounts.
The demonstration of financial assurance for the radiological decommissioning of each unit is based on the Scenario 3 SAFSTOR assumptions in the Cost Studies, with costs escalated to December 31, 2012 dollars. Attachment (4) presents the annual escalated DCEs, the annual earnings at an assumed 2% real rate of return on the funds, and the annual fund balances available to provide for the radiological decommissioning of the units following a period of SAFSTOR, pursuant to 10 CFR 50.75(c) and (e). The positive balances of the trust funds throughout the decommissioning periods confirm adequate financial assurance for each of the units because the respective nuclear decommissioning trust funds are sufficient to provide for the radiological decommissioning of the units.
The amounts accumulated as of December 31, 2012 in the external decommissioning trusts include not only funds for the radiological decommissioning of the units, but also funds allocated (the Allocated ISFSI Amounts) for the radiological decommissioning of the sites' independent spent fuel storage installations (ISFSIs).
Pursuant to 10 CFR 50.75 (b) and (c), only the funds for the radiological decommissioning of the units (and not any of the Allocated ISFSI Amounts) are included in the amounts used in the demonstration of financial assurance in Attachment (4). For consistency in approach and presentation with the ISFSI decommissioning funding plan submitted in Reference (c), the Allocated ISFSI Amounts are presented in separate ISFSI columns within Attachment (4). The Allocated ISFSI Amounts as of December 31, 2012 are the present values of funds necessary to provide for the radiological decommissioning of the ISFSIs.
The DCEs and funding measures described herein are presented solely to demonstrate the adequacy of radiological decommissioning financial assurance under NRC regulations.
This information is not intended to be used in any other context (see 10 CFR 50.75(a)). Also, a final determination of the ultimate decommissioning approach for each of the units has not been made. Different decommissioning
Document Control Desk March 27, 2013 Page 3 options, with different costs and schedules, which also meet the requirements under 10 CFR 50.75, may be chosen in the future.
There are no new regulatory commitments contained in this letter.
Should you have questions regarding the information in this submittal, please contact Bruce Montgomery, Manager - Nuclear Safety and Security, at (410) 470-3777 or bruce.montgomery@cengllc.com.
Very truly yours, Attachments:
(1)
(2)
(3)
(4)
(5)
Summary of Funding Status as of December 31, 2012 NRC Minimum Calculations as of December 31, 2012 Comparison of Site-Specific Decommissioning Cost Estimates to NRC Minimum Amounts as of December 31, 2012 Funding and Financial Assurance Analysis as of December 31, 2012 Cost Escalations from Site-Specific Decommissioning Cost Estimates to December 31, 2012 Dollars cc:
B. K. Vaidya, NRC M. C. Thadani, NRC W. M. Dean, NRC Resident Inspector, Calvert Cliffs Resident Inspector, Ginna Resident Inspector, Nine Mile Point S. Gray, DNR
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Constellation Energy Nuclear Group, LLC March 27, 2013
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Calvert Cliffs Nuclear Power Plant Unit Nos. 1 & 2 Docket Nos. 50-317 & 50-318 Table 1 - Calvert Cliffs Nuclear Power Plant Information Required by 10 CFR 50.75()(1)
Unit 1 Unit 2 Total
($000's)
($000's)
($000's)
The NRC Minimum amount1 as of December 31, 2012, la pursuant to 10 CFR 50.75 (b) and (c), as calculated in
$486,8002
$486,8002
$973,6002 Attachment (2)
Decommissioning cost estimate from site-specific study Scenario 1 (prompt DECON without SAFSTOR costs) for lb CCNPP (Reference a) escalated to December 31, 2012 dollars, as described in Attachment (3), which demonstrates
$501'5962
$499,3252
$1,000,9212 that the site-specific decommissioning cost estimate is greater than the NRC Minimum amount on Row 1 a Decommissioning cost estimate from site-specific study I C Scenario 3 (SAFSTOR) for CCNPP (Reference a) escalated
$6680172
$667,0662
$1,335,0832 to December 31, 2012 dollars, as described in Attachment (4)
The amount accumulated as of December 31, 2012 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 (b)
$243,8513
$316,9553
$560,806 and (c) for the radiological decommissioning of the unit, net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rate of earnings on decommissioning funds, and other factors used in funding projections Annual decommissioning cost escalation 4%4 4
Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing No financial assurance since the last submitted report 7
Any material changes to trust agreements No 1I
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Table 1 Notes - Calvert Cliffs Nuclear Power Plant The NRC Minimum amounts in Row 1 a are based on the generic NRC Minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 15 of NUREG-1307 (January 2013). The Bureau of Labor Statistics (BLS) indices used regarding energy and labor cost factors were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2012 (preliminary for energy and final for labor). The burial cost escalation factors were taken from the NUREG-1307, Revision 15, Table 2-1, PWR Values for Generic LLW Waste Disposal Site Combination of Compact-Affiliated and Non-Compact Facility for the year 2012.
2 The amounts in Rows la, lb, and lc represent decommissioning costs anticipated to be incurred in removing the CCNPP units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The costs of managing and storing spent fuel on the site until transfer to the U. S. Department of Energy (DOE),
the costs of dismantling nonradioactive systems and structures, and the costs of performing brownfielding activities are not included in this estimate.
The trust fund balances in Row 2 generally contemplate that common decommissioning costs would be borne primarily by Unit 2, since the common facilities cannot be decommissioned until Unit 2 is decommissioned.
However, the site-specific SAFSTOR nuclear decommissioning cost study referenced in Reference (a) allocated the costs of decommissioning the common facilities substantially evenly between Unit I and Unit 2.
The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs only a 6% rate of return in Row 4 in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% in Row 4 for all decommissioning costs is based on recent decommissioning cost escalation analyses performed on a CENG fleet-wide basis.
2
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 2 - Nine Mile Point Nuclear Station' (Portion Owned by CENG)
(100% of Unit 1 and 82% of Unit 2)
Unit 1 Unit 2 Total Information Required by 10 CFR 50.75(0(1)
($000's)
($000's)
($000's)
The NRC Minimum amount 2 as of December 31, 2012, la pursuant to 10 CFR 50.75 (b) and (c), as calculated in
$617,9853
$567,019'
$1,185,004' Attachment (2)
Decommissioning cost estimate from site-specific study Scenario 1 (prompt DECON without SAFSTOR costs) for lb NMPNS (Reference b) escalated to December 31, 2012 dollars, as described in Attachment (3), which demonstrates
$668'1253
$592,7743
$1'260'8993 that the site-specific decommissioning cost estimate is greater than the NRC Minimum amount on Row a a Decommissioning cost estimate from site-specific study ic Scenario 3 (SAFSTOR) for NMPNS (Reference b)
$847,2153
$805,811'
$1,653,0263 escalated to December 31, 2012 dollars, as described in Attachment (4)
The amount accumulated as of December 31, 2012 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 2 (b) and (c) for the radiological decommissioning of the
$433,006
$272,933
$705,939 unit, net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0
$0
$0 Assumptions used regarding escalation in decommissioning cost, rate of earnings on decommissioning funds, and other factors used in funding projections 4
Annual decommissioning cost escalation 4%4 Annual after-tax rate of earnings on decommissioning funds 6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which CENG is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to CENG's current method of providing No financial assurance since the last submitted report 7
Any material changes to trust agreements No 3
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Table 2 Notes - Nine Mile Point Nuclear Station' (Portion Owned by CENG)
(100% of Unit 1 and 82% of Unit 2)
CENG owns 100% of NMP1 and 82% of NMP2. The amounts provided in Table 2 reflect CENG's 100% share of decommissioning responsibilities for NMP1 and CENG's 82%
share of decommissioning responsibilities for NMP2. Table 3 contains information regarding LIPA's 18%
share of decommissioning responsibilities for NMP2.
2 The NRC Minimum amounts in Row la are based on the generic NRC Minimum finding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 15 of NUREG-1307 (January 2013). The BLS indices used, regarding energy and labor cost factors were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2012 (preliminary for energy and final for labor). The burial cost escalation factors were taken from the NUREG-1307, Revision 15, Table 2-1, BWR Values for Generic LLW Waste Disposal Site Combination of Compact-Affiliated and Non-Compact Facility for the year 2012.
The amounts in Rows la, lb, and 1c represent the decommissioning costs, relative to the CENG interests, as anticipated to be incurred in removing the NMPNS units safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The costs of managing and storing spent fuel on the site until transfer to the DOE, the costs of dismantling nonradioactive systems and structures, and the costs of performing greenfielding activities are not included in this estimate.
4 The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs only a 6% rate of return in Row 4 in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% in Row 4 for all decommissioning costs is based on recent cost escalation analyses performed on a CENG fleet-wide basis.
4
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Nine Mile Point Nuclear Station Unit Nos. 1 & 2 Docket Nos. 50-220 & 50-410 Table 3 - Nine Mile Point Nuclear Station' (Portion Owned by LIPA)
(18% of Unit 2)
Note: Information in this table for Rows 2-7 was provided by the NMP2 18% owner, LIPA.
CENG has not independently verified or assessed the information provided by this co-owner.
Unit I Unit 2 Total Information Required by 10 CFR 50.75(0(1)
($000's)
($000's)
($000's)
The NRC Minimum amount' as of December 31, 2012, la pursuant to 10 CFR 50.75 (b) and (c), as calculated in N/A
$124,468'
$124,468' Attachment (2)
Decommissioning cost estimate from site-specific study Scenario 1 (prompt DECON without SAFSTOR costs) for lb NMPNS (Reference b) escalated to December 31, 2012 dollars, as described in Attachment (3), which demonstrates N/A
$130,1213
$130,1213 that the site-specific decommissioning cost estimate is greater than the NRC Minimum amount on Row I a Decommissioning cost estimate from site-specific study Scenario 3 (SAFSTOR) for NMPNS (Reference b) lc escalated to December 31, 2012 dollars, as described in N/A
$176,8853
$176,8853 Attachment (4)
The amount accumulated as of December 31, 2012 in the 2
external decommissioning trust pursuant to 10 CFR 50.75 N/A
$75,064
$75,064 (b) and (c) for the radiological decommissioning of the unit, net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected N/A
$0
$0 Assumptions used regarding escalation in decommissioning cost, rate of earnings on decommissioning funds, and other factors used in funding projections Annual decommissioning cost escalation N/A 4%4 4%4 Annual after-tax rate of earnings on decommissioning funds N/A 6%
6%4 Frequency of contribution to the decommissioning trust N/A 5
Any contracts upon which LIPA is relying pursuant to 10 No CFR 50.75 (e)(1)(ii)(B) 6 Any modifications to LIPA's current method of providing No financial assurance since the last submitted report 7
Any material changes to trust agreements No 5
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Table 3 Notes - Nine Mile Point Nuclear Station' (Portion Owned by LIPA)
(18% of Unit 2)
CENG owns 100% of NMPI and 82% of NMP2. The amounts for NMEP2 provided in Table 2 reflect CENG's 82% share of decommissioning responsibilities. The amounts for NMP2 provided in this Table 3 reflect LIPA's 18% share of decommissioning responsibilities, which amounts have not been independently verified or assessed by CENG.
2 The NRC Minimum amounts in Row 1 a are based on the generic NRC Minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 15 of NUREG-1307 (January 2013). The BLS indices used regarding energy and labor cost factors were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2012 (preliminary for energy and final for labor). The burial cost escalation factors were taken from the NUREG-1307, Revision 15, Table 2-1, BWR Values for Generic LLW Waste Disposal Site Combination of Compact-Affiliated and Non-Compact Facility for the year 2012.
The amounts in Rows la, lb, and Ic represent the decommissioning costs, relative to the LIPA interests, as anticipated to be incurred in removing NMP2 safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The costs of managing and storing spent fuel on the site until transfer to the DOE, the costs of dismantling nonradioactive systems and structures, and the costs of performning greenfielding activities are not included in this estimate.
4 In Row 4, the long-term target rate of return for the fund is approximately 6%, which is in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% in Row 4 for all decommissioning costs is based on recent cost escalation analyses performed on a CENG fleet-wide basis.
6
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 R.E. GINNA NUCLEAR POWER PLANT Docket No. 50-244 Table 4 - R.E. Ginna Nuclear Power Plant Total Information Required by 10 CFR 50.75(f)(1)
($Tot's) la The NRC Minimum amount ' as of December 31, 2012, pursuant to 10
$4578252 CFR 50.75 (b) and (c), as calculated in Attachment (2)
Decommissioning cost estimate from site-specific study Scenario 1 (prompt DECON without SAFSTOR costs) for Ginna (Reference b) lb escalated to December 31, 2012 dollars, as described in Attachment (3),
$465,8152 which demonstrates that the site-specific decommissioning cost estimate is greater than the NRC Minimum amount on Row la Decommissioning cost estimate from site-specific study Scenario 3 Ic (SAFSTOR) for Ginna (Reference b) escalated to December 31, 2012
$688,6122 dollars, as described in Attachment (4)
The amount accumulated as of December 31, 2012 in the external 2
decommissioning trust pursuant to 10 CFR 50.75 (b) and (c) for the
$303,325 radiological decommissioning of the unit, net of income taxes payable/receivable 3
Schedule of the annual amounts remaining to be collected
$0 Assumptions used regarding escalation in decommissioning cost, rate of earnings on decommissioning funds, and other factors used in funding projections Annual decommissioning cost escalation 4%3 4
Annual after-tax rate of earnings on decommissioning funds 6%3 Frequency of contribution to the decommissioning trust N/A' 5
Any contracts upon which CENG is relying pursuant to 10 CFR 50.75 No 5 (e)(1)(ii)(B3) 6 Any modifications to CENG's current method of providing financial No assurance since the last submitted report 7
Any material changes to trust agreements No 7
ATTACHMENT (1)
Summary of Funding Status as of December 31, 2012 Table 4 Notes - R.E. Ginna Nuclear Power Plant The NRC Minimum amounts in Row I a are based on the generic NRC Minimum funding calculation specified in 10 CFR 50.75(c)(1), as adjusted in accordance with paragraph 50.75(c)(2) and Revision 15 of NUREG-1307 (January 2013). The BLS indices used regarding energy and labor cost factors were taken from the best source available during the preparation of this submittal, which were the indices published as of December 2012 (preliminary for energy and final for labor). The burial cost escalation factors were taken from the NUREG-1307, Revision 15, Table 2-1, PWR Values for Generic LLW Waste Disposal Site Combination of Compact-Affiliated and Non-Compact Facility for the year 2012.
2 The amounts in Rows la, lb, and lc represent decommissioning costs anticipated to be incurred in removing the Ginna unit safely from service and reducing residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The costs of managing and storing spent fuel on the site until transfer to the DOE, the costs of dismantling nonradioactive systems and structures, and the costs of performing greenfielding activities are not included in this estimate.
The long-term target rate of return for the fund is approximately 6.5%; however, CENG employs only a 6% rate of return in Row 4 in accordance with the "up to a 2 percent annual real rate of return" limitation set forth in 10 CFR 50.75(e). The weighted average cost escalation value of 4% in Row 4 for all decommissioning costs is based on recent cost escalation analyses performed on a CENG fleet-wide basis.
8
ATTACHMENT (2)
NRC Minimum Calculations as of December 31, 2012 Constellation Energy Nuclear Group, LLC March 27, 2013
Constellation Energy Nuclear Group (CENG)
NRC Minimum Calculations as of December 31, 2012 Dollars in Thousands Calvert Cliffs Nine Mile Point Date Unit I Unit 2 Unit I Unit 2 Ginna South South Northeast Northeast Northeast PWR PWR BWR BWR PWR Operating region Type of reactor unit NRC Minimum (in 1986 $000s):
A MWth 12/31/2012 B
Variable cost per MWth 10 CFR 50.75(c)
C Total variable cost [= A x B]
D Fixed cost 10 CFR 50.75(c)
E Total cost ceiling 10 CFR 50.75(c)
F NRC Minimum (in 1986 $000s)
[= MIN (C + D, E) per 10 CFR 50.75(c)
Jan-1986 NRC Minimum escalation factors:
G Labor weight Employee cost index (ECI)
H Base factor (L Dic-205)
Dec-2005 I
Current ECI (100=lx factor)
Dec-2012 J
Labor cost escalation factor (L Qt4-2012) [= H x I / 100]
K Energy weight L
Power weight by reactor type (within energy)
Power index (P0 M
Base index (P J.- 1986)
Jan-1986 N
Current P, (100=lx factor)
Dec-2012 O
Current escalation factor (P N-2)t'I))
[= N/ M]
2,737
$8.800
$24,086
$75,000
$105,000 2,737
$8.800
$24,086
$75,000
$105,000 1,850
$9.000
$16,650
$104,000
$135,000 3,988
$9.000
$35,892
$104,000
$135,000 1,775
$8.800
$15,620
$75,000
$105,000
$99,086
$99,086
$120,650
$135,000
$90,620 0.65 0.65 0.65 0.65 0.65 LUNDEX (South) m CIU20100000002201 LINDEX (Northeast) = CIU20100000002 I01 1.98 1.98 2.16 2.16 2.16 117.8 117.8 117.9 117.9 117.9 2.33244 2.33244 2.54664 2.54664 2.54664 0.13 0.13 0.13 0.13 0.13 0.58 0.58 0.54 0.54 0.58 PPlndex (Industrial electric power) = wpu0543 114.2 114.2 114.2 114.2 114.2 213.0 213.0 213.0 213.0 213.0 1.865148862 1.865148862 1.865148862 1.865148862 1.865148862 0.42 0.42 0.46 0.46 0.42 PPlndex (Light fuel oils) =wpu0573 82.0 82.0 82.0 82.0 82.0 302.6 302.6 302.6 302.6 302.6 3.690243902 3.690243902 3.690243902 3.690243902 3.690243902 2.631688779 2.631688779 2.704692580 2.704692580 2.631688779 0.22 0.22 0.22 0.22 0.22 Generic LLW Disposal Site Combination ofCompact-Affiliated and Non-Compact Facility 13.885 13.885 14.160 14.160 13.885 4.912905541 4.912905541 5.122126035 5.122126035 5.052135541
$486,800
$486,800
$617,985
$691,487
$457,825 P
Fuel oil weight by reactor type (within energy)
Power index (F,)
Q Base index (F Jan-1996)
Jar R
Current F, (100=lx factor)
De S
Current escalation factor (F t-2ot2(P)) [= R/ Q]
T Energy weighted average cost escalation factor
[= (L x 0) + (P x S)]
n-1986 c-2012 U
Burial weight NUREG-1307 Rev. 15 Table 2-1 (by reactor type):
V Burial cost escalation factor (B,,
Year 2012 W
Combined weighted average escalation factor
[= (G x J) + (K x T) + (U x V)]
X NRC Minimum as of December 31,2012 [= F x W]
Attachment (2) Page 1 of I
ATTACHMENT (3)
Comparison of Site-Specific Decommissioning Cost Estimates to NRC Minimum Amounts as of December 31, 2012 Constellation Energy Nuclear Group, LLC March 27, 2013
Constellation Energy Nuclear Group (CENG)
Comparison of Site-Specific Decommissioning Cost Estimates to NRC Minimum Amounts as of December 31, 2012 10 CFR 50.75(b)(1) requires that the DCEs be greater than the NRC Minimum amounts. The NRC Minimum amounts as of December 31, 2012 are calculated in Attachment (2). Row A in the table below summarizes the DCEs based on the Scenario 1 prompt DECON assumptions in the Cost Studies. These DCEs are escalated to December 31, 2012 dollars in Row C below, which escalated DCEs are greater than the respective NRC Minimum amounts on Row D below by the amounts on Row E below.
Calvert Cliffs (CCNPP)
Nine Mile Point (NMPNS)
Ginna Unit I Unit 2 Unit I Unit 2 Unit A Disbursements of DCEs from Scenario 1 (prompt DECON) of 2009 site-specific study in 2009 dollars [see Reference (a) for CCNPP and Reference (b) for NMPNS and Ginna]
389,136 387,374 552,489 597,780 363,464 B Compound cost escalation factor from 2009 dollars to December 31, 2012 dollars
[from Row CC of Attachment (5)]
C Disbursements of Scenario I DCEs in December 31, 2012 dollars [= A x B]
D NRC Minimum amount as of December 31, 2012 [from Row X of Attachment (2)]
E Site-specific study DCEs are greater than NRC Minimum amounts [= D - C > 0]
1.2890 1.2890 1.2093 1.2093 1.2816 501,596 499,325 668,125 722,895 465,815 486,800 486,800 617,985 691,487 457,825 14,796 12,525 50,140 31,408 7,990 Notes I A final determination of the ultimate decommissioning approach for each of the units has not been made. Different decommissioning options, with different costs and schedules, which also meet the requirements under 10 CFR 50.75, may be chosen in the future. Any funds remaining after the completion of radiological decommissioning could be available to pay for spent fuel management and greenfielding decommissioning activities.
2 The December 3 1, 2012 NRC Minimum amounts are calculated pursuant to NUREG-1307 Revision 15 (January 2013). They reflect the final labor and preliminary energy indices as of December 2012 published by the Bureau of Labor Statistics and the burial cost escalation factors per NUREG-1307 Revision 15 Table 2-1 Values for Generic LLW Waste Disposal Site Combination of Compact-Affiliated and Non-Compact Facility for the year 2012.
3 Decommissioning disbursements apply to only license termination radiological decommissioning costs and do not include any decommissioning costs for spent fuel management or greenfielding.
Attachment (3) Page 1 of 1
ATTACHMENT (4)
Funding and Financial Assurance Analysis as of December 31, 2012 Constellation Energy Nuclear Group, LLC March 27, 2013
Constellation Energy Nuclear Group (CENG)
Funding and Financial Assurance Analysis as of December 31, 2012 The demonstration of financial assurance for the radiological decommissioning of each unit is based on the Scenario 3 SAFSTOR assumptions in the Cost Studies, with costs escalated to December 31, 2012 dollars. Page 2 of this Attachment (4) presents the sum of the annual escalated DCEs in Row D of the table. Pages 3-11 of this Attachment (4) present the annual escalated DCEs, the annual earnings at an assumed 2% real rate of return on the funds, and the annual fund balances available to provide for the radiological decommissioning of the units following a period of SAFSTOR, pursuant to 10 CFR 50.75(c) and (e). The positive balances of the trust funds throughout the decommissioning periods, as presented on pages 3-11 of this Attachment (4), confirms adequate financial assurance for each of the units because the respective nuclear decommissioning trust funds are sufficient to provide for the radiological decommissioning of the units.
Attachment (4) Page 1 of I 1
Constellation Energy Nuclear Group (CENG)
Funding and Financial Assurance Analysis as of December 31, 2012 Calvert Cliffs (CCI Unit I Unit 2 50.75 50.75 7/31/2034 8/13/2036 NPP)
Nine Mile Point (NMPNS)
Unit 2 (NMP2)
LIPA 18%
CENG 82%
LIPA 18%
Ginna Unit ISFSI License Information 10 CFR license part Plant license expiration and shutdown date Radiological Decommissioning Trust Fund Activity Balance of trust funds as of December 31, 2012 A
Trust fund market value balance, net of income taxes payable/ receivable [ISFSI amount allocated to cover future ISFSI decommissioning costs]
Disbursements of DCEs through period of decommissioning B
Disbursements of DCEs from Scenario 3 (SAFSTOR alternative) of 2009 site-specific study in 2009 dollars [see Reference (a) for the CCNPP units, Reference (b) for the NMPNS and Ginna units, and Reference (c) for the ISFSIs]
C Compound cost escalation factor from 2009 dollars to December 31, 2012 dollars
[Unit factors from Row CC of Attachment (5) based on increase in NRC Minimum amounts; ISFSI factors equal to respective Unit factors]
D Disbursements of DCEs from Scenario 3 in December 31, 2012 dollars [= B x C; see subsequent pages of this Attachment (4) for annual DCE disbursements]
Earnings through period of decommissioning E
Trust fund earnings through decommissioning period based on 2% real rate of return per Attachment ( I ) [see subsequent pages oflthis Attachment (4) for annual earnings]
Financial assurance F
Balance of trust funds upon completion of decommissioning, net of income taxes payable/receivable [= A - D + E; see subsequent pages of this Attachment (4) for annual balances]
72.30 Dollars in Thousands 50.75 50.75 50.75 8/22/2029 10/31/2046 10/31/2046 50.75 50.75 50.75 9/18/2029 50.75
$ 243,851
$ 316,955 792
$ 433,006 272,933 75,064 602 132
$ 303,325 1,269 518,244 517,507 1,686 700,583 666,345 146,270 1,540 338 537,306 1,830 1.2890 1.2890 1.2890 1.2093 1.2093 1.2093 1.2093 1.2093 1.2816 1.2816 668,017 667,066 2,173 847,215 805,811 176,885 1,862 409 688,612 2,345 464,457 697,915 1,381 808,745 818,187 242,845 1,260 277 519,901 1,076
$ 40,291
$ 347,804
$ 394,536 285,309 141,024
$ 134,614 G
H I
Reconciliation of Scenario I to Scenario 3 DCEs (in 12/31/2012 dollars)
Disbursements of DCEs through period of decommissioning Scenario I (prompt DECON) [from Row C of Attachment (3)]
Net incremental DCEs associated with SAFSTOR Scenario 3 [= I - G]
Scenario 3 (SAFSTOR) [from Row D above]
Calvert Cliffs (CCNPP)
Unit I Unit 2
$ 501,596
$ 499,325 166,421 167,741
$ 668,017
$ 667,066 Unit 1
$ 668,125 179,090
$ 847,215 Nine Mile Point (NMPNS)
Unit 2(100%)
722,895 259,801 982,696 Ginna Unit
$ 465,815 222,797
$ 688,612 Notes I A final determination of the decommissioning approach for each of the units has not been made. Different decommissioning options that also meet the requirements under 10 C.F.R 50.75 may be chosen in the future. Any funds remaining after the completion of radiological decommissioning could be available to pay for spent fuel management and greenfielding decommissioning activities.
2 For NMP2, the December 31, 2012 trust fund balances reflect the respective CENG and LIPA fund balances, the disbursement and NRC minimum amounts reflect the 82%/18% pro rata CENG/LIPA ownerships, the earnings are calculated on the respective trust fund balances less the pro rata disbursements, and the site-specific study reflects the cost of decommisioning 100% of NMP2.
3 Decommissioning disbursements are assumed to be paid as of January I of each year, apply to only license termination radiological decommissioning costs, and do not include any decommissioning costs for spent fuel management or greenfielding.
4 The trust fund balances for CCNPP generally contemplate that common decommissioning costs would be borne primarily by Unit 2, since the common facilities cannot be decommissioned until Unit 2 is decommissioned.
However, the site-specific SAFSTOR nuclear decommissioning cost study referenced in Reference (a) allocated the costs of decommissioning the common facilities substantially evenly between Unit I and Unit 2. As a result, the amount of financial assurance on Row F above is greater for CCNPP2 than for CCNPPI.
Attachment (4) Page 2 of I I
Calvert Cliffs Nuclear Power Plant and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Completion Disbursements with Compound Radiological Trust Funds 2084 Escalation Factor of 1.28900 Unit I Unit 2 ISFSI In 12/31/2012 $000s 2.00%
2.00%
2.00%
Year Unit I Unit 2 ISFSI Earnings Balance Earnings Balance Earnings Balance 2012 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 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 S
4,877 4,975 5,074 5,176 5,279 5,385 5,492 5,602 5,714 5,828 5,945 6,064 6,185 6,309 6,435 6,564 6,695 6,829 6,966 7,105 7,247 7,272 7,247 6,788 6,016 6,056 6,097 6,139 6,056 5,932 5,994 6,057 6,121 6,186 6,253 6,321 6,390 6,461 6,533 6,607 6,682
$ 243,851 248,728 253,702 258,776 263,952 269,231 274,616 280,108 285,710 291,424 297,253 303,198 309,262 315,447 321,756 328,191 334,755 341,450 348,279 355,244 362,349 369,596 370,864 369,593 346,195 306,810 308,856 310,942 313,070 308,869 302,543 305,687 308,893 312,164 315,500 318,903 322,373 325,914 329,525 333,208 336,965 340,797 6,339 6,466 6,595 6,727 6,862 6,999 7,139 7,282 7,427 7,576 7,727 7,882 8,040 8,200 8,364 8,532 8,702 8,876 9,054 9,235 9,420 9,488 9,507 9,186 8,369 8,457 8,546 8,636 8,604 8,531 8,644 8,760 8,878 8,999 9,122 9,247 9,375 9,506 9,639 9,775 9,913
$ 316,955 323,294 329,760 336,355 343,082 349,944 356,943 364,082 371,364 378,791 386,367 394,094 401,976 410,015 418,216 426,580 435,112 443,814 452,690 461,744 470,979 480,398 483,882 484,871 468,472 426,840 431,286 435,821 440,446 438,793 435,065 440,859 446,769 452,797 458,946 465,218 471,615 478,140 484,796 491,584 498,509 505,572 16 16 16 17 17 17 18 18 19 19 19 20 20 20 21 21 22 22 23 23 24 24 24 25 25 26 26 27 28 28 29 29 30 30 31 32 32 33 34 34 35 792 807 824 840 857 874 891 909 927 946 965 984 1,004 1,024 1,044 1,065 1,087 1,108 1,131 1,153 1,176 1,200 1,224 1,248 1,273 1,299 1,325 1,351 1,378 1,406 1,434 1,463 1,492 1,522 1,552 1,583 1,615 1,647 1,680 1,714 1,748 1,783 6,004 8,518 30,186 45,401 4,011 4,011 4,011 10,257 12,258 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 6,004 8,518 25,585 50,002 4,011 4,011 4,011 10,257 12,258 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 Attachment (4) Page 3 of I 1
Calvert Cliffs Nuclear Power Plant and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Completion Disbursements with Compound 2084 Escalation Factor of 1.28900 In 12/31/2012 $000s Radiological Trust Funds Unit 1 2.00%
Unit 2 2.00%
ISFSI 2.00%
Year 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 Totals Unit 1 2,850 2,850 3,395 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 3,221 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,861 7,131 21,115 94,759 133,350 83,086 57,251 43,073 96
$ 668,017 Unit 2 2,850 2,850 3,395 2,850 2,850 2,850 2,850 2,850 2,850 2,850 2,850 3,221 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,317 3,861 7,131 21,115 66,314 117,916 103,868 79,399 43,073 96
$ 667,066 ISFSI 2,173 Earnings 6,759 6,837 6,906 6,987 7,070 7,154 7,240 7,328 7,418 7,509 7,602 7,690 7,777 7,866 7,957 8,050 8,145 8,241 8,340 8,440 8,543 8,647 8,743 8,775 8,529 6,804 4,273 2,697 1,606 776 790
$ 464,457 Balance 344,706 348,693 352,204 356,341 360,560 364,864 369,254 373,732 378,299 382,958 387,710 392,179 396,639 401,189 405,830 410,563 415,392 420,316 425,340 430,463 435,689 441,020 445,902 447,547 434,960 347,005 217,929 137,539 81,893 39,597 40,291
$ 40,291 Earnings 10,054 10,199 10,335 10,484 10,637 10,793 10,952 11,114 11,279 11,447 11,619 11,787 11,957 12,130 12,306 12,486 12,669 12,856 13,047 13,241 13,440 13,642 13,838 13,972 13,829 12,780 10,677 8,813 7,401 6,688 6,820
$ 697,915 Balance 512,776 520,124 527,064 534,698 542,485 550,427 558,529 566,792 575,221 583,818 592,587 601,153 609,793 618,606 627,595 636,764 646,116 655,655 665,385 675,310 685,433 695,759 705,735 712,577 705,291 651,757 544,518 449,462 377,465 341,080 347,804
$ 347,804 Earnings 36 36 37 38 39 39 40 41 42 43 Balance 1,818 1,855 1,892 1,930 1,968 2,008 2,048 2,089 2,131 2,173
$2,173
$1,381 Attachment (4) Page 4 of 11
Nine Mile Point Nuclear Station and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable) - CENG's Portion (100% of Unit I and 82% of Unit 2)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Disbursements with Compound Completion Escalation Factor of 1.20930 Radiological Trust Funds 2095 In 12/31/2012 $000s Unit 1 Unit 2 1SFSI 100%
CENG's Portion 2.00%
2.00%
2.00%
Year Unit 1 Unit 2 ISFS1 Earnings Balance Earnings Balance Earnings Balance 2012
$ 433,006
$ 272,933 602 2013 8,660 441,666 5,459 278,392 12 614 2014 8,833 450,500 5,568 283,960 12 627 2015 9,010 459,510 5,679 289,639 13 639 2016 9,190 468,700 5,793 295,432 13 652 2017 9,374 478,074 5,909 301,340 13 665 2018 9,561 487,635 6,027 307,367 13 678 2019 9,753 497,388 6,147 313,514 14 692 2020 9,948 507,336 6,270 319,785 14 706 2021 10,147 517,483 6,396 326,180 14 720 2022 10,350 527,832 6,524 332,704 14 734 2023 10,557 538,389 6,654 339,358 15 749 2024 10,768 549,157 6,787 346,145 15 764 2025 10,983 560,140 6,923 353,068 15 779 2026 11,203 571,343 7,061 360,130 16 795 2027 11,427 582,769 7,203 367,332 16 811 2028 7,046 11,514 587,237 7,347 374,679 16 827 2029 59,751 10,550 538,037 7,494 382,172 17 843 2030 37,700 10,007 510,343 7,643 389,816 17 860 2031 4,269 10,121 516,196 7,796 397,612 17 877 2032 4,269 10,239 522,165 7,952 405,564 18 895 2033 4,269 10,358 528,254 8,111 413,676 18 913 2034 20,887 10,147 517,514 8,274 421,949 18 931 2035 16,557 10,019 510,977 8,439 430,388 19 950 2036 2,142 10,177 519,011 8,608 438,996 19 969 2037 2,142 10,337 527,206 8,780 447,776 19 988 2038 2,142 10,501 535,565 8,956 456,731 20 1,008 2039 2,142 10,668 544,091 9,135 465,866 20 1,028 2040 2,142 10,839 552,787 9,317 475,183 21 1,049 2041 2,142 11,013 561,658 9,504 484,687 21 1,070 2042 2,142 11,190 570,705 9,694 494,381 21 1,091 2043 2,142 11,371 579,934 9,888 504268 22 1,113 2044 2,142 11,556 589,348 10,085 514,354 22 1,135 2045 2,146 2,797
.11,744 598,946 10,231 521,788 23 1,158 2046 2,153 26,728 11,936 608,728 9,901 504,961 23 1,181 2047 2,191 54,251 12,131 618,668 9,014 459,724 24 1,205 2048 2,141 5,238 12,331 628,858 9,090 463,575 24 1,229 2049 3,086 5,238 12,515 638,287 9,167 467,504 25 1,253 2050 2,141 5,238 12,723 648,869 9,245 471,511 25 1,278 2051 2,141 19,432 12,935 659,663 9,042 461,121 26 1,304 2052 2,188 20,359 13,149 670,624 8,815 449,577 26 1,330 Attachment (4) Page 5 of I 1
Nine Mile Point Nuclear Station and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable) - CENG's Portion (100% of Unit I and 82% of Unit 2)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Disbursements with Compound Completion Escalation Factor of 1.20930 Radiological Trust Funds 2095 Year 2053 2054 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 2085 2086 2087 2088 2089 2090 2091 2092 2093 In 12/31/2012 $000s 100%
CENG's Portion Unit I Unit 2 ISFS1 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,154 2,228 2,158 2,232 2,153 2,228 3,099 3,285 2,153 2,228 1,862 2,230 2,291 2,589 2,584 23,315 2,449 86,652 2,396 281,953 2,429 166,127 2,442 52,416 2,873 3,292 3,292 3,292 3,292 3,292 3,292 3,292 3,292 3,292 3,292 3,292 4,349 16,983 68,450 185,931 178,047 Unit 1 2.00%
Earnings Balance 13,369 681,840 13,594 693,280 13,823 704,949 14,056 716,851 14,294 728,991 14,537 741,374 14,784 754,005 15,037 766,888 15,295 780,029 15,558 793,433 15,826 807,105 16,099 821,051 16,378 835,275 16,662 849,784 16,953 864,578 17,248 879,673 17,531 894,106 17,839 909,791 18,151 925,712 18,462 941,586 18,365 936,636 17,000 866,983 11,701 596,731 8,612 439,216 7,736 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 394,536 Unit 2 2.00%
Earnings 8,947 9,081 9,218 9,358 9,501 9,646 9,795 9,946 10,100 10,258 10,418 10,582 10,749 10,920 11,094 11,271 11,431 11,615 11,801 11,985 12,176 12,372 12,571 12,773 12,971 13,165 13,362 13,564 13,769 13,979 14,192 14,410 14,633 14,860 15,091 15,327 15,547 15,518 14,459 11,030 7,689 Balance 456,296 463,149 470,140 477,271 484,544 491,962 499,529 507,247 515,120 523,150 531,341 539,695 548,217 556,909 565,770 574,814 582,960 592,347 601,856 611,257 620,984 630,960 641,102 651,433 661,532 671,405 681,476 691,748 702,225 712,912 723,813 734,932 746,273 757,841 769,641 781,676 792,874 791,409 737,419 562,517 392,160 ISFSI 2.00%
Earnings Balance 27 1,357 27 1,384 28 1,411 28 1,440 29 1,468 29 1,498 30 1,528 31 1,558 31 1,589 32 1,621 32 1,654 33 1,687 34 1,720 34 1,755 35 1,790 36 1,826 37 1,862 Attachment (4) Page 6 of I 1
Nine Mile Point Nuclear Station and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable) - CENG's Portion (100% of Unit I and 82% of Unit 2)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Disbursements with Compound Completion Escalation Factor of 1.20930 2095 In 12/31/2012 $000s 100%
CENG's Portion Year Unit I Unit 2 ISFSI 2094 117,560 Radiological Trust Funds Unit I Unit 2 ISFSI 2.00%
2.00%
2.00%
Earnings Balance 394,536 Earnings 5,492 Balance 280,092 Earnings Balance 2095 Totals 377 394,536 5,594 285,309
$ 847,215
$ 805,811
$ 1,862 808,745
$ 394,536
$ 818,187
$ 285,309
$ 1,260 Attachment (4) Page 7 of I 1
Nine Mile Point Nuclear Station and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable) - LIPA's Portion (18% of Unit 2)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Completion 2095 Year 2012 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 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 Radiological Decommissioning Disbursements with Compound Escalation Factor of 1.20930 In 12/31/2012 $000s LIPA's Portion Radiological Trust Funds Unit 2 ISFSI Unit 2 ISFSI 2.00%
Earnings 1,501 1,531 1,562 1,593 1,625 1,658 1,691 1,725 1,759 1,794 1,830 1,867 1,904 1,942 1,981 2,021 2,061 2,102 2,144 2,187 2,231 2,275 2,321 2,367 2,415 2,463 2,512 2,563 2,614 2,666 2,719 2,774 2,817 2,756 2,573 2,601 2,630 2,660 2,628 2,591 2,633 2,676 Balance 75,064 76,566 78,097 79,659 81,252 82,877 84,535 86,225 87,950 89,709 91,503 93,333 95,200 97,104 99,046 101.027 103,047 105,108 107,210 109,354 111,542 113,772 116,048 118,369 120,736 123,151 125,614 128,126 130,689 133,302 135,969 138,688 141,462 143,665 140,553 131,218 132,669 134,150 135,660 134,022 132,144 134,288 136,475 2.00%
Earnings Balance
$ 132 3
135 3
138 3
140 3
143 3
146 3
149 3
152 3
155 3
158 3
161 3
164 3
168 3
171 3
174 3
178 4
182 4
185 4
189 4
193 4
196 4
200 4
204 4
208 4
213 4
217 4
221 4
226 5
230 5
235 5
239 5
244 5
249 5
254 5
259 5
264 5
270 5
275 6
281 6
286 6
292 6
298 6
304 Attachment (4) Page 8 of 11 614 5,867 11,909 1,150 1,150 1,150 4,266 4,469 489 489
Nine Mile Point Nuclear Station and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable) - LIPA's Portion (18% of Unit 2)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Disbursements with Compound Completion Escalation Factor of 1.20930 2095 In 12/31/2012 $000s Radiological Trust Funds Unit 2 ISFSI LIPA's Portion 2.00%
Year 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 2079 2080 2081 2082 2083 2084 2085 2086 2087 2088 2089 2090 2091 2092 2093 2094 2095 Totals Unit 2 489 489 489 489 489 489 489 489 489 489 489 489 490 489 721 489 503 567 538 526 533 536 631 723 723 723 723 723 723 723 723 723 723 723 955 3,728 15,026 40,814 39,083 25,806 83 176,885 ISFSI Earnings 2,720 2,764 2,810 2,856 2,904 2,952 3,001 3,051 3,103 3,155 3,208 3,263 3,318 3,375 3,428 409 3,486 3,546 3,606 3,667 3,730 3,794 3,859 3,924 3,988 4,053 4,120 4,187 4,257 4,327 4,400 4,473 4,548 4,625 4,703 4,778 4,799 4,594 3,870 3,165 2,713 2,765
$ 409
$ 242,845 Balance 138,706 140,981 143,302 145,669 148,084 150,547 153,059 155,621.
158,235 160,901 163,620 166,393 169,221 172,107 174,814 177,811 180,855 183,893 187,022 190,226 193,487 196,810 200,103 203,368 206,699 210,096 213,560 217,095 220,700 224,377 228,127 231,953 235,855 239,835 243,658 244,729 234,297 197,353 161,435 138,341 141,024
$ 141,024 2.00%
Earnings 6
6 6
6 7
7 7
7 7
7 7
8 8
8 8
Balance 310 316 322 329 335 342 349 356 363 370 378 385 393 401 409
$ 277 Attachment (4) Page 9 of I I
R.E. Ginna Nuclear Power Plant and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Completion Disbursements with Compound 2078 Escalation Factor of 1.28160 In 12/31/2012 $000s Radiological Trust Funds Unit ISFSI Year 2012 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 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 Unit ISFSI 8,350 39,896 26,434 5,014 5,014 5,014 6,232 22,937 2,926 2,926 2,926 2,926 2,926 2,926 2,926 2,926 2,926 2,926 3,776 3,899 3,899 4,351 3,899 3,899 3,899 3,899 3,899 2.00%
Earnings 6,066 6,188 6,312 6,438 6,567 6,698 6,832 6,968 7,108 7,250 7,395 7,543 7,694 7,848 8,005 7,998 7,360 6,978 7,018 7,058 7,098 7,116 6,799 6,877 6,956 7,036 7,119 7,202 7,288 7,375 7,464 45 7,555 7,648 7,725 7,801 7,880 7,950 8,031 8,114 8,198 8,284 8,372 Balance
$ 303,325 309,391 315,579 321,891 328,329 334,895 341,593 348,425 355,393 362,501 369,751 377,146 384,689 392,383 400,231 408,235 407,883 375,346 355,891 357,894 359,937 362,021 362,904 346,766 350,717 354,746 358,856 363,048 367,325 371,686 376,135 380,673 385,302 390,023 393,972 397,875 401,856 405,455 409,587 413,803 418,102 422,488 426,961 2.00%
Earnings 25 26 26 27 27 28 29 29 30 30 31 32 32 33 33 34 35 36 36 37 38 38 39 40 41 42 42 43 44 45 46 Balance
$ 1,269 1,295 1,321 1,347 1,374 1,402 1,430 1,458 1,487 1,517 1,547 1,578 1,610 1,642 1,675 1,708 1,743 1,777 1,813 1,849 1,886 1,924 1,962 2,002 2,042 2,083 2,124 2,167 2,210 2,254 2,299 2,345 2,34 Attachment (4) Page 10 of I 1
R.E. Ginna Nuclear Power Plant and ISFSI Detailed Annual Trust Fund Activity and Balances (Net of Income Taxes Payable/Receivable)
Based on Site-Specific Study Scenario 3 (50-Year SAFSTOR) Cash Flows and 2% Real Rate of Return In Thousands of Dollars Radiological Decommissioning Completion Disbursements with Compound 2078 Escalation Factor of 1.28160 In 12/31/2012 $000s Year Unit ISFSI Radiological Trust Funds Unit ISFSI 2.00%
Earnings 2.00%
Earnings Balance Balance 2055 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 2075 2076 2077 2078 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 3,899 4,351 3,899 3,899 3,899 3,899 9,550 30,039 146,716 168,958 75,250 688,612 8,461 8,552 8,646 8,741 8,837 8,936 9,037 9,140 9,244 9,351 9,460 9,572 9,685 9,801 9,910 10,030 10,153 10,278 10,405 10,423 10,030 7,296 4,063 2,639 519,901 431,523 436,177 440,924 445,766 450,705 455,743 460,881 466,122 471,468 476,921 482,483 488,156 493,942 499,844 505,403 511,535 517,789 524,168 530,675 531,548 511,539 372,119 207,225 134,614 134,614
$ 2,345
$ 1,076 Attachment (4) Page II of 11
ATTACHMENT (5)
Cost Escalations from Site-Specific Decommissioning Costs Estimates to December 31, 2012 Dollars Constellation Energy Nuclear Group, LLC March 27, 2013
. Constellation Energy Nuclear Group (CENG)
Cost Escalations from Site-Specific Decommissioning Cost Estimates to December 31, 2012 Dollars Dollars in Thousands The purpose of this Attachment (5) is to calculate the increases in the NRC Minimum for each site from December 31, 2008 to December 31, 2012, as presented in the table below. These increases are applied as the compound cost escalation factors to the estimated costs in Scenario I and Scenario 3 of the respective Cost Studies (in 2009 dollars) to escalate them to December 31, 2012 dollars. For consistency, since there have been uprates in the MWth of certain units, the 1986 baseline MWth have been adjusted to the MWth as of December 31, 2012 to calculate the NRC Minimum increases absent the effect of the uprates.
Calvert Cliffs Nine Mile Point Date Unit 1 Unit 2 Unit 1 Unit 2 Ginna Increase in NRC Minimum from December 31, 2008 to December 31. 2012 NRC Minimum based on MNVths as of December 31. 2012 and indices and cost factors as of:
AA From Row X of Attachment (2) 12/31/2012
$486,800
$486,800
$617,985
$691,487
$457,825 BB From Row X on page 2 of Attachment (5) 12/31/2008
$377,655
$377,655
$511,020
$571,801
$357,231 CC Compound cost escalation factor [= AA / BB]
1.2890 1.2890 1.2093 1.2093 1.2816 Attachment (5) Page 1 of 2
Constellation Energy Nuclear Group (CENG)
NRC Minimum Calculations as of December 31, 2008 (Except Using MWth as of December 31, 2012)
Dollars in Thousands Calvert Cliffs Nine Mile Point Date Unit 1 Unit 2 Unit 1 Unit 2 Ginna Operating region Type of reactor unit South PWR South PWR Northeast Northeast Northeast BWR BWR PWR NRC Minimum (in 1986 $000s):
A MWth 12/31/2012 B
Variable cost per MWth 10 CFR 50.75(c)
C Total variable cost [= A x B]
D Fixed cost I0 CFR 50.75(c)
E Total cost ceiling 10 CFR 50.75(c)
F NRC Minimum (in 1986 $000s)
[= MIN (C + D, E) per 10 CFR 50.75(c)]
Jan-1986 NRC Minimum escalation factors:
G Labor weight Employee cost index (ECI)
H Base factor (L tDc-soo5)
Dec-2005 I
Current ECI (I 00=1 x factor)
Dec-2008*
J Labor cost escalation factor (L *4-20on) [= H x I / 100]
K Energy weight L
Power weight by reactor type (within energy)
Power index (P.)
M Base index (P J]--1986)
Jan-1986 N
Current P, (100=1 x factor)
Dec-2008*
0 Current escalation factor (P e-2Soo0(p)) [= N / M]
P Fuel oil weight by reactor type (within energy)
Power index (F,)
Q Base index (F Jan-1986)
Jan-1986 R
Current F, (I 00= 1 x factor)
Dec-2008*
2,737
$8.800
$24,086
$75,000
$105,000 2,737
$8.800
$24,086
$75,000
$105,000 1,850
$9.000
$16,650
$104,000
$135,000 3,988
$9.000
$35,892
$104,000
$135,000 1,775
$8.800
$15,620
$75,000
$105,000
$99,086
$99,086
$120,650
$135,000
$90,620 0.65 0.65 0.65 0.65 0.65 LINDEX (South) = CIU20100000002201 LINDEX (Northeast) = CIU20100000002101 1.98 1.98 2.16 2.16 2.16 109.3 109.3 109.5 109.5 109.5 2.16414 2.16414 2.36520 2.36520 2.36520 0.13 0.13 0.13 0.13 0.13 0.58 0.58 0.54 0.54 0.58 PPlndex (Industrial electric power) = wpu0543 114.2 114.2 114.2 114.2 114.2 188.3 188.3 188.3 188.3 188.3 1.648861646 1.648861646 1.648861646 1.648861646 1.648861646 0.42 0.42 0.46 0.46 0.42 PPlndex (Light fuel oils) = wpu0573 82.0 82.0 82.0 82.0 82.0 163.0 163.0 163.0 163.0 163.0 1.987804878 1.987804878 1.987804878 1.987804878 1.987804878 1.791217803 1.791217803 1.804775533 1.804775533 1.791217803 0.22 0.22 0.22 0.22 0.22 Generic LLW Disposal Site Combination of Compact-Affiliated and Non-Compact Facility 9.872 9.872 11.198 11.198 9.872 3.811389314 3.811389314 4.235560819 4.235560819 3.942078314
$377,655
$377,655
$511,020
$571,801
$357,231 S
Current escalation factor (F oc.-208(p)) [= R / Q]
T Energy weighted average cost escalation factor
[= (L x 0) + (P x S)]
U Burial weight NUREG-1307 Rev. 15 Table 2-1 (by reactor type):
V Burial cost escalation factor (Bx)
Year 2008*
W Combined weighted average escalation factor
[= (G x J) + (K x T) + (U x V)]
X NRC Minimum (as of December 31, 2008, except MNVth as of December 31, 2012) [= F x WI
- The indices and cost escalation factors in this Attachment (5) are as of December 2008 (as noted on the rows above with the asterisks), but the MWth used in calculating the NRC Minimum in 1986 dollars are as of December 31, 2012. Except for the December 2008 inputs and their resulting calculated amounts, all other inputs above are the same as the respective inputs in Attachment (3).
Attachment (5) Page 2 of 2