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 Constellation Energy Nuclear Group, LLC VP - Financial Services &Treasurer 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: Document Control Desk
SUBJECT:
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, 2012, ISFSI Decommissioning Funding Plans (ML123550040)
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 ofthe 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) Summary of Funding Status as of December 31, 2012 (2) NRC Minimum Calculations as of December 31, 2012 (3) Comparison of Site-Specific Decommissioning Cost Estimates to NRC Minimum Amounts as of December 31, 2012 (4) Funding and Financial Assurance Analysis as of December 31, 2012 (5) Cost Escalations from Site-Specific Decommissioning Cost Estimates to December 31, 2012 Dollars cc: B. K. Vaidya, NRC Resident Inspector, Calvert Cliffs M. C. Thadani, NRC Resident Inspector, Ginna W. M. Dean, NRC 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
($000's) Unit 2
($000's) Total
($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 1a Decommissioning cost estimate from site-specific study IC 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 1a 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)
Information Required by 10 CFR 50.75(0(1) Unit 1 Unit 2 Total
($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 aa 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.
Information Required by 10 CFR 50.75(0(1) Unit I Unit 2 Total
($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 Ia 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 1a 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 5 Any contracts upon which CENG is relying pursuant to 10 CFR 50.75 No (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 Operating region South South Northeast Northeast Northeast Type of reactor unit PWR PWR BWR BWR PWR NRC Minimum (in 1986 $000s):
A MWth 12/31/2012 2,737 2,737 1,850 3,988 1,775 B Variable cost per MWth 10 CFR 50.75(c) $8.800 $8.800 $9.000 $9.000 $8.800 C Total variable cost [= A x B] $24,086 $24,086 $16,650 $35,892 $15,620 D Fixed cost 10 CFR 50.75(c) $75,000 $75,000 $104,000 $104,000 $75,000 E Total cost ceiling 10 CFR 50.75(c) $105,000 $105,000 $135,000 $135,000 $105,000 F NRC Minimum (in 1986 $000s)
[= MIN (C + D, E) per 10 CFR 50.75(c) Jan-1986 $99,086 $99,086 $120,650 $135,000 $90,620 NRC Minimum escalation factors:
G Labor weight 0.65 0.65 0.65 0.65 0.65 Employee cost index (ECI) LUNDEX(South) mCIU20100000002201 LINDEX (Northeast) = CIU20100000002 I01 H Base factor (L Dic-205) Dec-2005 1.98 1.98 2.16 2.16 2.16 I Current ECI (100=lx factor) Dec-2012 117.8 117.8 117.9 117.9 117.9 J Labor cost escalation factor (L Qt4-2012) [= H x I / 100] 2.33244 2.33244 2.54664 2.54664 2.54664 K Energy weight 0.13 0.13 0.13 0.13 0.13 L Power weight by reactor type (within energy) 0.58 0.58 0.54 0.54 0.58 Power index (P0 PPlndex (Industrial electric power) = wpu0543 M Base index (P J.-1986) Jan-1986 114.2 114.2 114.2 114.2 114.2 N Current P, (100=lx factor) Dec-2012 213.0 213.0 213.0 213.0 213.0 O Current escalation factor (P [= N/
N-2)t'I))
M] 1.865148862 1.865148862 1.865148862 1.865148862 1.865148862 P Fuel oil weight by reactor type (within energy) 0.42 0.42 0.46 0.46 0.42 Power index (F,) PPlndex (Light fuel oils) =wpu0573 Q Base index (F Jan-1996) Jarn-1986 82.0 82.0 82.0 82.0 82.0 R Current F, (100=lx factor) De c-2012 302.6 302.6 302.6 302.6 302.6 S Current escalation factor (F t-2ot2(P)) [= R/ Q] 3.690243902 3.690243902 3.690243902 3.690243902 3.690243902 T Energy weighted average cost escalation factor
[= (L x 0) + (P x S)] 2.631688779 2.631688779 2.704692580 2.704692580 2.631688779 U Burial weight 0.22 0.22 0.22 0.22 0.22 NUREG-1307 Rev. 15 Table 2-1 (by reactor type): Generic LLW Disposal Site Combination ofCompact-Affiliated and Non-Compact Facility V Burial cost escalation factor (B,, Year 2012 13.885 13.885 14.160 14.160 13.885 W Combined weighted average escalation factor
[= (G x J) + (K x T) + (U x V)] 4.912905541 4.912905541 5.122126035 5.122126035 5.052135541 X NRC Minimum as of December 31,2012 [= F x W] $486,800 $486,800 $617,985 $691,487 $457,825 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)] 1.2890 1.2890 1.2093 1.2093 1.2816 C Disbursements of Scenario I DCEs in December 31, 2012 dollars [= A x B] $ 501,596 $ 499,325 $ 668,125 $ 722,895 $ 465,815 D NRC Minimum amount as of December 31, 2012 [from Row X of Attachment (2)] $ 486,800 $ 486,800 $ 617,985 $ 691,487 $ 457,825 E Site-specific study DCEs are greater than NRC Minimum amounts [= D - C > 0] $ 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 31, 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 I1
Constellation Energy Nuclear Group (CENG)
Funding and Financial Assurance Analysis as of December 31, 2012 Calvert Cliffs (CCINPP) Nine Mile Point (NMPNS) Ginna Unit 2 (NMP2) ISFSI Unit I Unit 2 ISFSI Unit I CENG 82% LIPA 18% CENG 82% LIPA 18% Unit ISFSI License Information Dollars in Thousands 10 CFR license part 50.75 50.75 72.30 50.75 50.75 50.75 50.75 50.75 50.75 50.75 Plant license expiration and shutdown date 7/31/2034 8/13/2036 8/22/2029 10/31/2046 10/31/2046 9/18/2029 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] $ 243,851 $ 316,955 $ 792 $ 433,006 $ 272,933 $ 75,064 $ 602 $ 132 $ 303,325 $ 1,269 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] 518,244 517,507 1,686 700,583 666,345 146,270 1,540 338 537,306 1,830 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] 1.2890 1.2890 1.2890 1.2093 1.2093 1.2093 1.2093 1.2093 1.2816 1.2816 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] 668,017 667,066 2,173 847,215 805,811 176,885 1,862 409 688,612 2,345 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] 464,457 697,915 1,381 808,745 818,187 242,845 1,260 277 519,901 1,076 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] $ 40,291 $ 347,804 $ - $ 394,536 $ 285,309 $ 141,024 $ $ $ 134,614 $
Reconciliation of Scenario I to Scenario 3 DCEs (in 12/31/2012 dollars) Calvert Cliffs (CCNPP) Nine Mile Point (NMPNS) Ginna Disbursements of DCEs through period of decommissioning Unit I Unit 2 Unit 1 Unit 2(100%) Unit G Scenario I (prompt DECON) [from Row C of Attachment (3)] $ 501,596 $ 499,325 $ 668,125 $ 722,895 $ 465,815 H Net incremental DCEs associated with SAFSTOR Scenario 3 [= I - G] 166,421 167,741 179,090 259,801 222,797 I Scenario 3 (SAFSTOR) [from Row D above] $ 668,017 $ 667,066 $ 847,215 $ 982,696 $ 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 $ 243,851 $ 316,955 $ 792 2013 $ S
- $ 4,877 248,728 $ 6,339 323,294 $ 16 807 2014 - 4,975 253,702 6,466 329,760 16 824 2015 - 5,074 258,776 6,595 336,355 16 840 2016 - 5,176 263,952 6,727 343,082 17 857 2017 - 5,279 269,231 6,862 349,944 17 874 2018 - 5,385 274,616 6,999 356,943 17 891 2019 - 5,492 280,108 7,139 364,082 18 909 2020 - 5,602 285,710 7,282 371,364 18 927 2021 5,714 291,424 7,427 378,791 19 946 2022 5,828 297,253 7,576 386,367 19 965 2023 5,945 303,198 7,727 394,094 19 984 2024 6,064 309,262 7,882 401,976 20 1,004 2025 6,185 315,447 8,040 410,015 20 1,024 2026 6,309 321,756 8,200 418,216 20 1,044 2027 6,435 328,191 8,364 426,580 21 1,065 2028 6,564 334,755 8,532 435,112 21 1,087 2029 6,695 341,450 8,702 443,814 22 1,108 2030 6,829 348,279 8,876 452,690 22 1,131 2031 6,966 355,244 9,054 461,744 23 1,153 2032 7,105 362,349 9,235 470,979 23 1,176 2033 - 7,247 369,596 9,420 480,398 24 1,200 2034 6,004 6,004 - 7,272 370,864 9,488 483,882 24 1,224 2035 8,518 8,518 - 7,247 369,593 9,507 484,871 24 1,248 2036 30,186 25,585 - 6,788 346,195 9,186 468,472 25 1,273 2037 45,401 50,002 - 6,016 306,810 8,369 426,840 25 1,299 2038 4,011 4,011 - 6,056 308,856 8,457 431,286 26 1,325 2039 4,011 4,011 - 6,097 310,942 8,546 435,821 26 1,351 2040 4,011 4,011 - 6,139 313,070 8,636 440,446 27 1,378 2041 10,257 10,257 - 6,056 308,869 8,604 438,793 28 1,406 2042 12,258 12,258 - 5,932 302,543 8,531 435,065 28 1,434 2043 2,850 2,850 - 5,994 305,687 8,644 440,859 29 1,463 2044 2,850 2,850 - 6,057 308,893 8,760 446,769 29 1,492 2045 2,850 2,850 - 6,121 312,164 8,878 452,797 30 1,522 2046 2,850 2,850 - 6,186 315,500 8,999 458,946 30 1,552 2047 2,850 2,850 - 6,253 318,903 9,122 465,218 31 1,583 2048 2,850 2,850 - 6,321 322,373 9,247 471,615 32 1,615 2049 2,850 2,850 - 6,390 325,914 9,375 478,140 32 1,647 2050 2,850 2,850 - 6,461 329,525 9,506 484,796 33 1,680 2051 2,850 2,850 - 6,533 333,208 9,639 491,584 34 1,714 2052 2,850 2,850 - 6,607 336,965 9,775 498,509 34 1,748 2053 2,850 2,850 - 6,682 340,797 9,913 505,572 35 1,783 Attachment (4) Page 3 of I1
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 1 Unit 2 ISFSI In 12/31/2012 $000s 2.00% 2.00% 2.00%
Year Unit 1 Unit 2 ISFSI Earnings Balance Earnings Balance Earnings Balance 2054 2,850 2,850 6,759 344,706 10,054 512,776 36 1,818 2055 2,850 2,850 6,837 348,693 10,199 520,124 36 1,855 2056 3,395 3,395 6,906 352,204 10,335 527,064 37 1,892 2057 2,850 2,850 6,987 356,341 10,484 534,698 38 1,930 2058 2,850 2,850 7,070 360,560 10,637 542,485 39 1,968 2059 2,850 2,850 7,154 364,864 10,793 550,427 39 2,008 2060 2,850 2,850 7,240 369,254 10,952 558,529 40 2,048 2061 2,850 2,850 7,328 373,732 11,114 566,792 41 2,089 2062 2,850 2,850 7,418 378,299 11,279 575,221 42 2,131 2063 2,850 2,850 7,509 382,958 11,447 583,818 43 2,173 2064 2,850 2,850 2,173 7,602 387,710 11,619 592,587 2065 3,221 3,221 7,690 392,179 11,787 601,153 2066 3,317 3,317 7,777 396,639 11,957 609,793 2067 3,317 3,317 7,866 401,189 12,130 618,606 2068 3,317 3,317 7,957 405,830 12,306 627,595 2069 3,317 3,317 8,050 410,563 12,486 636,764 2070 3,317 3,317 8,145 415,392 12,669 646,116 2071 3,317 3,317 8,241 420,316 12,856 655,655 2072 3,317 3,317 8,340 425,340 13,047 665,385 2073 3,317 3,317 8,440 430,463 13,241 675,310 2074 3,317 3,317 8,543 435,689 13,440 685,433 2075 3,317 3,317 8,647 441,020 13,642 695,759 2076 3,861 3,861 8,743 445,902 13,838 705,735 2077 7,131 7,131 8,775 447,547 13,972 712,577 2078 21,115 21,115 8,529 434,960 13,829 705,291 2079 94,759 66,314 6,804 347,005 12,780 651,757 2080 133,350 117,916 4,273 217,929 10,677 544,518 2081 83,086 103,868 2,697 137,539 8,813 449,462 2082 57,251 79,399 1,606 81,893 7,401 377,465 2083 43,073 43,073 776 39,597 6,688 341,080 2084 96 96 790 40,291 6,820 347,804 Totals $ 668,017 $ 667,066 $2,173 $ 464,457 $ 40,291 $ 697,915 $ 347,804 $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 I1
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 ISFSI 100% CENG's Portion 2.00% 2.00% 2.00%
Year Unit I Unit 2 ISFS1 Earnings Balance Earnings Balance Earnings Balance 2053 2,154 2,228 13,369 681,840 8,947 456,296 27 1,357 2054 2,154 2,228 - 13,594 693,280 9,081 463,149 27 1,384 2055 2,154 2,228 - 13,823 704,949 9,218 470,140 28 1,411 2056 2,154 2,228 - 14,056 716,851 9,358 477,271 28 1,440 2057 2,154 2,228 14,294 728,991 9,501 484,544 29 1,468 2058 2,154 2,228 14,537 741,374 9,646 491,962 29 1,498 2059 2,154 2,228 14,784 754,005 9,795 499,529 30 1,528 2060 2,154 2,228 15,037 766,888 9,946 507,247 31 1,558 2061 2,154 2,228 15,295 780,029 10,100 515,120 31 1,589 2062 2,154 2,228 15,558 793,433 10,258 523,150 32 1,621 2063 2,154 2,228 15,826 807,105 10,418 531,341 32 1,654 2064 2,154 2,228 16,099 821,051 10,582 539,695 33 1,687 2065 2,154 2,228 16,378 835,275 10,749 548,217 34 1,720 2066 2,154 2,228 16,662 849,784 10,920 556,909 34 1,755 2067 2,158 2,232 16,953 864,578 11,094 565,770 35 1,790 2068 2,153 2,228 17,248 879,673 11,271 574,814 36 1,826 2069 3,099 3,285 17,531 894,106 11,431 582,960 37 1,862 2070 2,153 2,228 1,862 17,839 909,791 11,615 592,347 2071 2,230 2,291 18,151 925,712 11,801 601,856 2072 2,589 2,584 18,462 941,586 11,985 611,257 2073 23,315 2,449 18,365 936,636 12,176 620,984 2074 86,652 2,396 17,000 866,983 12,372 630,960 2075 281,953 2,429 11,701 596,731 12,571 641,102 2076 166,127 2,442 8,612 439,216 12,773 651,433 2077 52,416 2,873 7,736 394,536 12,971 661,532 2078 - 3,292 - 394,536 13,165 671,405 2079 - 3,292 - 394,536 13,362 681,476 2080 - 3,292 - 394,536 13,564 691,748 2081 - 3,292 - 394,536 13,769 702,225 2082 - 3,292 - 394,536 13,979 712,912 2083 - 3,292 - 394,536 14,192 723,813 2084 - 3,292 - 394,536 14,410 734,932 2085 - 3,292 - 394,536 14,633 746,273 2086 - 3,292 - 394,536 14,860 757,841 2087 - 3,292 - 394,536 15,091 769,641 2088 - 3,292 - 394,536 15,327 781,676 2089 - 4,349 - 394,536 15,547 792,874 2090 - 16,983 - 394,536 15,518 791,409 2091 - 68,450 - 394,536 14,459 737,419 2092 - 185,931 - 394,536 11,030 562,517 2093 - 178,047 - 394,536 7,689 392,160 Attachment (4) Page 6 of I1
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 I Unit 2 ISFSI 100% CENG's Portion 2.00% 2.00% 2.00%
Year Unit I Unit 2 ISFSI Earnings Balance Earnings Balance Earnings Balance 2094 - 117,560 - 394,536 5,492 280,092 2095 - 377 - - 394,536 5,594 285,309 -
Totals $ 847,215 $ 805,811 $ 1,862 $ 808,745 $ 394,536 $ 818,187 $ 285,309 $ 1,260 $
Attachment (4) Page 7 of I1
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 Radiological Trust Funds 2095 In 12/31/2012 $000s Unit 2 ISFSI LIPA's Portion 2.00% 2.00%
Year Unit 2 ISFSI Earnings Balance Earnings Balance 2012 $ 75,064 $ 132 2013 $ $ $ 1,501 76,566 $ 3 135 2014 1,531 78,097 3 138 2015 1,562 79,659 3 140 2016 1,593 81,252 3 143 2017 1,625 82,877 3 146 2018 1,658 84,535 3 149 2019 1,691 86,225 3 152 2020 1,725 87,950 3 155 2021 1,759 89,709 3 158 2022 1,794 91,503 3 161 2023 1,830 93,333 3 164 2024 1,867 95,200 3 168 2025 1,904 97,104 3 171 2026 1,942 99,046 3 174 2027 1,981 101.027 3 178 2028 2,021 103,047 4 182 2029 2,061 105,108 4 185 2030 2,102 107,210 4 189 2031 2,144 109,354 4 193 2032 2,187 111,542 4 196 2033 2,231 113,772 4 200 2034 2,275 116,048 4 204 2035 2,321 118,369 4 208 2036 2,367 120,736 4 213 2037 2,415 123,151 4 217 2038 2,463 125,614 4 221 2039 2,512 128,126 4 226 2040 2,563 130,689 5 230 2041 2,614 133,302 5 235 2042 2,666 135,969 5 239 2043 2,719 138,688 5 244 2044 2,774 141,462 5 249 2045 614 2,817 143,665 5 254 2046 5,867 2,756 140,553 5 259 2047 11,909 2,573 131,218 5 264 2048 1,150 2,601 132,669 5 270 2049 1,150 2,630 134,150 5 275 2050 1,150 2,660 135,660 6 281 2051 4,266 2,628 134,022 6 286 2052 4,469 2,591 132,144 6 292 2053 489 2,633 134,288 6 298 2054 489 2,676 136,475 6 304 Attachment (4) Page 8 of 11
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 Radiological Trust Funds 2095 In 12/31/2012 $000s Unit 2 ISFSI LIPA's Portion 2.00% 2.00%
Year Unit 2 ISFSI Earnings Balance Earnings Balance 2055 489 - 2,720 138,706 6 310 2056 489 - 2,764 140,981 6 316 2057 489 - 2,810 143,302 6 322 2058 489 - 2,856 145,669 6 329 2059 489 - 2,904 148,084 7 335 2060 489 - 2,952 150,547 7 342 2061 489 - 3,001 153,059 7 349 2062 489 - 3,051 155,621. 7 356 2063 489 - 3,103 158,235 7 363 2064 489 - 3,155 160,901 7 370 2065 489 - 3,208 163,620 7 378 2066 489 - 3,263 166,393 8 385 2067 490 - 3,318 169,221 8 393 2068 489 - 3,375 172,107 8 401 2069 721 - 3,428 174,814 8 409 2070 489 409 3,486 177,811 2071 503 - 3,546 180,855 2072 567 - 3,606 183,893 2073 538 - 3,667 187,022 2074 526 - 3,730 190,226 2075 533 - 3,794 193,487 2076 536 - 3,859 196,810 2077 631 - 3,924 200,103 2078 723 - 3,988 203,368 2079 723 - 4,053 206,699 2080 723 - 4,120 210,096 2081 723 - 4,187 213,560 2082 723 - 4,257 217,095 2083 723 - 4,327 220,700 2084 723 - 4,400 224,377 2085 723 - 4,473 228,127 2086 723 - 4,548 231,953 2087 723 - 4,625 235,855 2088 723 - 4,703 239,835 2089 955 - 4,778 243,658 2090 3,728 - 4,799 244,729 2091 15,026 - 4,594 234,297 2092 40,814 - 3,870 197,353 2093 39,083 - 3,165 161,435 2094 25,806 - 2,713 138,341 2095 83 - 2,765 141,024 Totals $ 176,885 $ 409 $ 242,845 $ 141,024 $ 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 Radiological Trust Funds 2078 Escalation Factor of 1.28160 Unit ISFSI In 12/31/2012 $000s 2.00% 2.00%
Year Unit ISFSI Earnings Balance Earnings Balance 2012 $ 303,325 $ 1,269 2013 $ $ 6,066 309,391 $ 25 1,295 2014 6,188 315,579 26 1,321 2015 6,312 321,891 26 1,347 2016 - 6,438 328,329 27 1,374 2017 - 6,567 334,895 27 1,402 2018 - 6,698 341,593 28 1,430 2019 - 6,832 348,425 29 1,458 2020 - 6,968 355,393 29 1,487 2021 - 7,108 362,501 30 1,517 2022 - 7,250 369,751 30 1,547 2023 - 7,395 377,146 31 1,578 2024 - 7,543 384,689 32 1,610 2025 - 7,694 392,383 32 1,642 2026 - 7,848 400,231 33 1,675 2027 - 8,005 408,235 33 1,708 2028 8,350 - 7,998 407,883 34 1,743 2029 39,896 - 7,360 375,346 35 1,777 2030 26,434 - 6,978 355,891 36 1,813 2031 5,014 - 7,018 357,894 36 1,849 2032 5,014 - 7,058 359,937 37 1,886 2033 5,014 - 7,098 362,021 38 1,924 2034 6,232 - 7,116 362,904 38 1,962 2035 22,937 - 6,799 346,766 39 2,002 2036 2,926 - 6,877 350,717 40 2,042 2037 2,926 - 6,956 354,746 41 2,083 2038 2,926 - 7,036 358,856 42 2,124 2039 2,926 - 7,119 363,048 42 2,167 2040 2,926 - 7,202 367,325 43 2,210 2041 2,926 - 7,288 371,686 44 2,254 2042 2,926 - 7,375 376,135 45 2,299 2043 2,926 - 7,464 380,673 46 2,345 2044 2,926 2,34 45 7,555 385,302 2045 2,926 - 7,648 390,023 2046 3,776 - 7,725 393,972 2047 3,899 - 7,801 397,875 2048 3,899 - 7,880 401,856 2049 4,351 - 7,950 405,455 2050 3,899 - 8,031 409,587 2051 3,899 - 8,114 413,803 2052 3,899 - 8,198 418,102 2053 3,899 - 8,284 422,488 2054 3,899 - 8,372 426,961 Attachment (4) Page 10 of I1
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 Radiological Trust Funds 2078 Escalation Factor of 1.28160 Unit ISFSI In 12/31/2012 $000s 2.00% 2.00%
Year Unit ISFSI Earnings Balance Earnings Balance 2055 3,899 8,461 431,523 2056 3,899 8,552 436,177 2057 3,899 8,646 440,924 2058 3,899 8,741 445,766 2059 3,899 8,837 450,705 2060 3,899 8,936 455,743 2061 3,899 9,037 460,881 2062 3,899 9,140 466,122 2063 3,899 9,244 471,468 2064 3,899 9,351 476,921 2065 3,899 9,460 482,483 2066 3,899 9,572 488,156 2067 3,899 9,685 493,942 2068 3,899 9,801 499,844 2069 4,351 9,910 505,403 2070 3,899 10,030 511,535 2071 3,899 10,153 517,789 2072 3,899 10,278 524,168 2073 3,899 10,405 530,675 2074 9,550 10,423 531,548 2075 30,039 10,030 511,539 2076 146,716 7,296 372,119 2077 168,958 4,063 207,225 2078 75,250 2,639 134,614
$ 688,612 $ 2,345 $ 519,901 $ 134,614 $ 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 South South Northeast Northeast Northeast Type of reactor unit PWR PWR BWR BWR PWR NRC Minimum (in 1986 $000s):
A MWth 12/31/2012 2,737 2,737 1,850 3,988 1,775 B Variable cost per MWth 10 CFR 50.75(c) $8.800 $8.800 $9.000 $9.000 $8.800 C Total variable cost [= A x B] $24,086 $24,086 $16,650 $35,892 $15,620 D Fixed cost I0 CFR 50.75(c) $75,000 $75,000 $104,000 $104,000 $75,000 E Total cost ceiling 10 CFR 50.75(c) $105,000 $105,000 $135,000 $135,000 $105,000 F NRC Minimum (in 1986 $000s)
[= MIN (C + D, E) per 10 CFR 50.75(c)] Jan-1986 $99,086 $99,086 $120,650 $135,000 $90,620 NRC Minimum escalation factors:
G Labor weight 0.65 0.65 0.65 0.65 0.65 Employee cost index (ECI) LINDEX (South) = CIU20100000002201 LINDEX (Northeast) = CIU20100000002101 H Base factor (L tDc-soo5) Dec-2005 1.98 1.98 2.16 2.16 2.16 I Current ECI (I 00=1 x factor) Dec-2008* 109.3 109.3 109.5 109.5 109.5 J Labor cost escalation factor (L *4-20on) [= H x I / 100] 2.16414 2.16414 2.36520 2.36520 2.36520 K Energy weight 0.13 0.13 0.13 0.13 0.13 L Power weight by reactor type (within energy) 0.58 0.58 0.54 0.54 0.58 Power index (P.) PPlndex (Industrial electric power) = wpu0543 M Base index (P J]--1986) Jan-1986 114.2 114.2 114.2 114.2 114.2 N Current P, (100=1 x factor) Dec-2008* 188.3 188.3 188.3 188.3 188.3 0 Current escalation factor (P e-2Soo0(p))[= N / M] 1.648861646 1.648861646 1.648861646 1.648861646 1.648861646 P Fuel oil weight by reactor type (within energy) 0.42 0.42 0.46 0.46 0.42 Power index (F,) PPlndex (Light fuel oils) = wpu0573 Q Base index (F Jan-1986) Jan-1986 82.0 82.0 82.0 82.0 82.0 R Current F, (I00= 1x factor) Dec-2008* 163.0 163.0 163.0 163.0 163.0 S Current escalation factor (F oc.-208(p)) [= R / Q] 1.987804878 1.987804878 1.987804878 1.987804878 1.987804878 T Energy weighted average cost escalation factor
[= (L x 0) + (P x S)] 1.791217803 1.791217803 1.804775533 1.804775533 1.791217803 U Burial weight 0.22 0.22 0.22 0.22 0.22 NUREG-1307 Rev. 15 Table 2-1 (by reactor type): Generic LLW Disposal Site Combination of Compact-Affiliated and Non-Compact Facility V Burial cost escalation factor (Bx) Year 2008* 9.872 9.872 11.198 11.198 9.872 W Combined weighted average escalation factor
[= (G x J) + (K x T) + (U x V)] 3.811389314 3.811389314 4.235560819 4.235560819 3.942078314 X NRC Minimum (as of December 31, 2008, except MNVth as of December 31, 2012) [= F x WI $377,655 $377,655 $511,020 $571,801 $357,231
- 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