3F0314-03, Annual Decommissioning and Irradiated Fuel Management Financial Status Report for 2013
| ML14098A039 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 03/31/2014 |
| From: | Hobbs T Duke Energy Florida |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| 3F0314-03 | |
| Download: ML14098A039 (41) | |
Text
Crystal River Nuclear Plant 15760 W. Power Line Street ENERGYa Crystal River, FL 34428 Docket 50-302 Operating License No. DPR-72 10 CFR 50.82 10 CFR 50.75 March 31, 2014 3F0314-03 U.S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001
Subject:
Crystal River Unit 3 -Annual Decommissioning and Irradiated Fuel Management Financial Status Report for 2013
References:
- 1. CR-3 to NRC letter dated February 20, 2013, "Certification of Permanent Cessation of Power Operations and that Fuel Has Been Permanently Removed from the Reactor," (ADAMS Accession No. ML13056A005)
- 2. NRC to CR-3 letter dated March 13, 2013, "Crystal River Unit 3 Nuclear Generating Plant Certification of Permanent Cessation of Operation and Permanent Removal of Fuel From the Reactor" (ADAMS Accession No. ML13058A380)
- 3. CR-3 to NRC letter dated December 2, 2013, "Crystal River Unit 3 - Post-Shutdown Decommissioning Activities Report" (ADAMS Accession No. ML13340A009)
Dear Sir:
In accordance with 10 CFR 50.75(f)(1), 10 CFR 50.82(a)(8)(v), 10 CFR 50.82(a)(8)(vi), and 10 CFR 50.82(a)(8)(vii), Duke Energy Florida, Inc. (DEF) is submitting the annual status of decommissioning funding, status of funding for managing irradiated fuel, and the financial assurance status report for 2013. In Reference 1, DEF certified that Crystal River Unit 3 (CR-3) had permanently shut down and removed fuel from the reactor vessel. In Reference 2, the NRC acknowledged CR-3's certification of permanent cessation of power operation and permanent removal of fuel from the reactor vessel.
In Reference 3, DEF submitted its Post-Shutdown Decommissioning Activities Report containing a site-specific Decommissioning Cost Estimate (DCE) pursuant to 10 CFR 50.82(a)(4)(i) and 10 CFR 50.82(a)(8)(iii). Accordingly, a status of decommissioning funding pursuant to 10 CFR 50.75(f)(1), a financial assurance status report pursuant to 10 CFR 50.82(a)(8)(v) and 10 CFR 50.82(a)(8)(vi), and a report on the status of the funding for managing irradiated fuel pursuant to 10 CFR 50.82(a)(8)(vii) are required to be submitted by March 31 of each year.
The attachments to this letter contain the information required by the above regulations for DEF and the co-owners of the CR-3 nuclear plant.
None of the co-owners assumes any responsibility for the information contained in any other co-owner's report. The report contains the following required information:
U. S. Nuclear Regulatory Commission Page 2 of 3 3F0314-03 (1)
The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c), (While DEF is identifying this amount because it is specified in 10 CFR 50.75(f)(1), it does not appear applicable to a plant that has permanently ceased operation, has submitted a site specific cost estimate, and is engaged in decommissioning).
(2)
The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of this report, (3)
A schedule of annual amounts remaining to be collected, (4)
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections, (5)
Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v),
(6)
Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report, (7)
Any material changes to trust agreements or financial assurance contracts, (8)
The amount spent on decommissioning, both cumulative and over the previous calendar year, (9)
The remaining balance of any decommissioning funds, (10) The amount provided by other financial assurance methods being relied upon, (11)
An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, (12) The decommissioning criteria upon which the estimate is based, (13) If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated are not greater than a 2 percent real rate of return, together with the amount provided by other financial assurance methods being relied upon, does not cover the estimated costs to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion, (14) The amount of funds accumulated to cover the cost of managing the irradiated fuel, (15) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy, (16) If the funds accumulated do not cover the projected cost (of irradiated fuel), a plan to obtain additional funds to cover the cost.
The adjustment factors used in the calculations was determined using the December 2013 indices from the U.S. Department of Labor Statistics for labor, energy, and fuel and NUREG-1307, "Report on Waste Burial Charges: Changes in Decommissioning Waste Disposal Costs at Low-Level Waste Burial Facilities," Revision 15, for burial.
There are no new regulatory commitments associated with this letter.
U. S. Nuclear Regulatory Commission Page 3 of 3 3F0314-03 If you have any questions regarding this submittal, please contact Mr. Dan Westcott, Manager, Nuclear Regulatory Affairs, at (352) 563-4796.
Terry Hbs 1 General Manager, Decommissioning TDH/par Attachments: - Duke Energy Florida, Crystal River Unit 3 Funding Status Report - City of Alachua, Crystal River Unit 3 Funding Status Report - City of Bushnell, Crystal River Unit 3 Funding Status Report - City of Gainesville, Crystal River Unit 3 Funding Status Report - City of Kissimmee, Crystal River Unit 3 Funding Status Report - City of Leesburg, Crystal River Unit 3 Funding Status Report - City of New Smyrna Beach, Crystal River Unit 3 Funding Status Report - City of Ocala, Crystal River Unit 3 Funding Status Report - Orlando Utilities Commission, Crystal River Unit 3 Funding Status Report 0 - Seminole Electric Cooperative, Crystal River Unit 3 Funding Status Report 1 - Crystal River Unit 3, Estimate of Costs to Complete Decommissioning and Financial Assurance Demonstration 2 - Crystal River Unit 3, Projected Cost of Managing Irradiated Fuel and Plan to Cover Projected Cost xc:
NRR Project Manager Regional Administrator, Region I
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 1 LICENSE NUMBER DPR - 72 ATTACHMENT I DUKE ENERGY FLORIDA, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 Duke Energy Florida Crystal Rirer Unit 3 91.7806% Ownership Item #
10 CFR 50.75(f)(1) - Status of decommissioning funding 1
ia. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternatire, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; 5
Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(,4:
6 Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 50.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and over the previous calendar year, 9
The remaining balance of any decommissioning funds, and 10 The amount promded by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 60.82(aX8)(vi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount provided by other financial assurance methods being relied upon, does not corer the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to corer the estimated cost of completion.
10 CFR 50.82(a)X8)(vil) - Report on the status of funding for managing Irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not corer the projected cost, a plan to obtain additional funds to cover the cost.
Crystal River Unit 3 443,620,713 791,058,827 480,253,514 1.2.3.4 None inflation rate of return 2.8%
4.47%
None None DEF made two changes to its trust agreement in 2013, neither of which DEF considers to be material but provides herein as information. First, with respect to disbursements and withdrawals from the trust fund, the trust agreement previously included NRC notification requirements that were more onerous than the requirements set forth in 10 CFR 50.75(h)(2),
so the NRC notification requirements of the trust agreement were changed to align with the requirements set forth in 10 CFR 50.75(h)(2). Second, the trust agreement was changed to increase the number of people who are authorized to sign the disbursement requests that are submitted by DEF to the trustee pursuant to the trust agreement.
$0 s
- Preious calendar year N/A
- Cumulatire
$ 480,253,514 1.2.3.4 None See Attachment 11 Unrestricted Release None See Item 7 abore As demonstrated in Attachment 11, funds accumulated corer estimated cost of completion.
264,315,270 "
See Attachment 12 As demonstrated in Attachment 12, funds accumulated corer projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of qualified and non-qualified decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs.
Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $753,249,558, consistent with the value included in DEF's petition to the Florida Public Service Commission for approval of the Nuclear Decommissioning Cost Study, dated March 21, 2014.
2 Amount is net of 2013 tax obligations.
3 Amount includes 100% of $6,760,841 in funds held by the City of Tallahassee on behalf of DEF, as such funds are required to be used for NRC radiological decommissioning only.
4 Represents no decommissioning cost disbursements from the fund in 2013 since 2013 incurred costs were not disbursed as of December 31, 2013.
5 Represents values included in DEF's petition to the Florida Public Service Commission for approval of the Nuclear Decommissioning Cost Study, dated March 21, 2014.
6 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds as of December 31, 2013.
7 Represents the amount of qualified and non-qualified decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $753,249,558, consistent with the value included in DEF's petition to the Florida Public Service Commission for approval of the Nuclear Decommissioning Cost Study, dated March 21, 2014.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 1 LICENSE NUMBER DPR - 72 ATTACHMENT 2 CITY OF ALACHUA, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Alachua Crystal River Unit 3 0.0779% Ownership Item #
10 CFR 50.75)f)(1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR altemative, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report:
3 A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of eamings on decommissioning funds, and rates of other factors used in funding projections; Crystal River Unit 3 376,529 671,422 385,695 1.2 None inflation rate of return 0%
See Below
$284,277.24 (Future earnings are assumed at a rate of 7.422% through September 2016 and.8% thereafter.)nn
$329,299.91 (Future earnings are assumed at the rate of.8%.)"
$613,577.15 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions:
AFMPA assumed the correctness and accuracy of the information provided for ia) and 1b), which was supplied by DEF.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.00%.
"nThe assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delivery agreement) and.8% for the rest of the accumulated funds, after the current investment terms expire for accumulated funds that are currently invested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v):
6 Any modifications occurring to a licensee's current method of prodiding financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 50.82(aX)Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and over the predous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount prodded by other financial assurance methods being relied upon:
11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of procdding financial assurance since the last submitted report: and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 60.82(aX8Xvi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount prodided by other financial assurance methods being relied upon, does not corer the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 60.82(a)(8Hvii) - Report on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to corer the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy: and 18 (C) If the funds accumulated do not corer the projected cost, a plan to obtain additional funds to corer the cost.
None None None
$0.00
- PredAous calendar year
$0.00
- Cumulative 385,695
$0.00 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
215,304 '
See Attachment 12 As demonstrated in Attachment 12, funds accumulated corer projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as descnbed in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $613,577.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $613,577.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 3 CITY OF BUSHNELL, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Bushnell Crystal Rirer Unit 3 0.0388% Ownership Item #
10 CFR S0.76(t)(1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for Ucense Termination costs assuming the SAFSTOR alternatie, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; Crystal River Unit 3 187,539 334,418 191,661.2 None inflation 0%
rate of return See Below
$141,591.26 (Future earnings are assumed at a rate of 7.422% through September 2016 and.8% thereafter.)"n
$163,310.43 (Future earnings are assumed at the rate of.8%.)""
$304,901.69 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions:
AFMPA assumed the correctness and accuracy of the information prodded for ia) and 1b), which was supplied by DEF.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.001/6.
-The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delirery agreement) and.8% for the rest of the accumulated funds, after the current inrestment terms expire for accumulated funds that are currently inrested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to None paragraph 10 CFR 50.75(e)(1)(,4:
6 Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 60.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and orer the previous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount proided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year. and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of prodding financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 50.82(aXBXvl) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount prodided by other financial assurance methods being relied upon, does not corer the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to corer the estimated cost of completion.
10 CFR 50.82(aX8Xvll) - Report on the status of funding for managing Irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not corer the projected cost, a plan to obtain additional funds to corer the cost.
$0.00
- Previous calendar year
$0.00
- Cumulatire 191,661
.2
$0.00 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
106.990 4 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $304,902.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $304,902.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 4 CITY OF GAINESVILLE, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Gainesille Crystal Riker Unit 3 1.4079% Ownership Item #
10 CFR 50.75(f*1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 12/212013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of eamings on decommissioning funds, and rates of other factors used in funding projections; Crystal River Unit 3 6,805,072 12,134.718 6,798.309 1.2 None inflation rate of return 0%
See below
$5,137.791.82 (Future earnings are assumed at a rate of 7.422% through September 2016 and.8% thereafter.)nn
$5,677,207.94 (Future earnings are assumed at the rate of.8%.)nn
$10,814,999.76 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions:
.. FMPA assumed the correctness and accuracy of the information provided for ia) and 1b), which was supplied by DEF.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.00%.
'The assumed eamings rate is 7.422% for the portion invested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delivery agreement) and.8% for the rest of the accumulated funds, after the current investment terms expire for accumulated funds that are currently inrested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to None paragraph 10 CFR 50.75(e)(1)(v);
6 Any modifications occurring to a licensee's current method of providing None financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
None 10 CFR 60.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and orer the
$0.00 '
- Previous calendar year premious calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount provided by other financial assurance methods being relied upon; 11 (8) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of pro\\iding financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 60.82(a)(8)(vl) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount pro\\ided by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(a)(8)(vil) - Report on the status of funding for managing Irradiated fuel 16 (A) The amount of funds accumulated to corer the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not cover the projected cost, a plan to obtain additional funds to corer the cost.
$0.00
-Cumulatire 6,798,309 1.2
$0.00 See Attachment 11 Unrestifcted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
3,794,983 4 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $10,815,000.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $10,815,000.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 1 LICENSE NUMBER DPR - 72 ATTACHMENT 5 CITY OF KISSIMMEE, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Kissimmee Crystal River Unit 3 0.6754% Ownership Item #
10 CFR 50.75(f)(1) -Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR altematiwe, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; Crystal River Unit 3 3,264,540 5,821,286 3,672,003 1.2 None inflation rate of return 0%
See below
$2,464,709.59 (Future earnings are assumed at a rate of 7.422% through September 2016 and.8% thereafter.)"
$3,376,847.43 (Future eamings are assumed at the rate of.8%.)nf
$5,841,557.02 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions:
AFMPA assumed the coerctness and accuracy of the information prodded for la) and 1b), which was supplied by DEF.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.00/%.
-The assumed earnings rate is 7.422% for the portion invested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delivery agreement) and.8% for the rest of the accumulated funds, after the current investment terms expire for accumulated funds that are currently invested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v);
6 Any modifications occurring to a licensees current method of provding financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 60.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and over the pred*ous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount provided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of prodding financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 50.82(aX8Xvi) 15 If the sum of the balance of any remaining decommissioning funds, plus eamings on such funds calculated at not greater than a 2 percent real mate of return, together with the amount prodded by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(ax8Xvil) - Report on the status of funding for managing Irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not coer the projected cost, a plan to obtain additional funds to cover the cost.
None None None
$0.00 3-Predious calendar year
$0.00
- Cumulative 3,672,003 1.2
$0.00 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
2,049,802 a See Attachment 12 As demonstrated in Attachment 12, funds accumulated corer projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $5,841,557.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $5,841,557.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 6 CITY OF LEESBURG, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Leesburg Crystal River Unit 3 0.8244% Ownership Item #
10 CFR 50.75(f)(1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative. from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; Crystal River Unit 3 3,984,730 7,105.520 3,99277 1.2 None inflation rate of return 0%
See below
$3.008,449.20 (Future eamings are assumed at a rate of 7.422% through September 2016 and.8% thereafter)"n
$3,343,406.94 (Future earnings are assumed at the rate of.8%.)fn
$6,351,856.14 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions; AFMPA assumed the correctness and accuracy of the information promided for la) and 1b), which was supplied by DEF.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.00%.
-rThe assumed earnings rate is 7.422% for the portion inrested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delivery agreement) and.8% for the rest of the accumulated funds, after the current investment terms expire for accumulated funds that are currently invested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to None paragraph 10 CFR 50.75(e)(1)(p);
6 Any modifications occurring to a licensee's current method of promlding None financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 60.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulatire and orer the previous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount provided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 60.82(aX8Xvl) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount provided by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(a)(8)(vii) - Report on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not cover the projected cost, a plan to obtain additional funds to corer the cost.
None
$0.00
- Previous calendar year
$0.00
- Cumulatire 3,992,777 1.2
$0.00 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
2,228,866 See Attachment 12 As demonstrated in Attachment 12, funds accumulated corer projected cost of managing irradrated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $6,351,856.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $6,351,856.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 7 CITY OF NEW SMYRNA BEACH, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of New Smyrna Beach Crystal River Unit 3 0.5608% Ownership Item #
10 CFR 50.75(f)1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c):
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected:
4 The assumptions used regarding rates of escalation in decommissioning costs, rates of eamings on decommissioning funds, and rates of other factors used in funding projections; 5
Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v);
6 Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and Crystal River Unit 3 2,710,622 4,833,546 2,689,014 1.2 None inflation rate of return None None 3.45%
0.10%
Any material changes to trust agreements.
Effective 12/9/2013. the Utilities Commission - City of New Smyrna Beach transfered its CR3 decommissioning funds to a new bank account at Bank of America (acct. ending in 3155),
which was established as a "Restricted Sinking Fund Decommissioning Costs CR-3 Nuclear Plant'. Formal Utilities Commission action, 'ia resolution, is required for the withdrawal of these funds.
10 CFR 50.82(a)X8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and over the preuous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount promided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report: and
$0
- Previous calendar year
$0
- Cumulative 2,689,014 1.2 N/A See Attachment 11 Unrestricted Release N/A 14 (D) Any material changes to trust agreements or financial assurance contracts.
Effective 12/9/2013, the Utilities Commission - City of New Smyrna Beach transformd its CR3 decommissioning funds to a new bank account at Bank of America (acct. ending in 3155),
which was established as a "Restricted Sinking Fund Decommissioning Costs CR-3 Nuclear Plant'. Formal Utilities Commission action, sia resolution, is required for the withdrawal of these funds.
10 CFR 50.82(aXBXvi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount promided by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to corer the estimated cost of completion.
10 CFR 50.82(a X8)(vii) - Re port on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel:
17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not cover the projected cost, a plan to obtain additional funds to cover the cost.
As demonstrated in Attachment 11.
funds accumulated cover estimated cost of completion.
1,501,074 4 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $4,277,783.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $4,277,783.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 8 CITY OF OCALA, UNIT 3 FUNDING STATUS REPORT CRYSTAL RIVER
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 City of Ocala Crystal River Unit 3 1.3333% Ownership Item #
10 CFR 50.75(f(1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR altematire, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of eamings on decommissioning funds, and rates of other factors used in funding projections:
Crystal River Unit 3 6,444,494 11,491,739 6,431,727.
None inflation rate of retum 0%
See below
$4,865,557.14 (Future earnings are assumed at a rate of 7.422% through September 2016 and.8% thereafter.)-
$5,366,271.42 (Future earnings are assumed at the rate of.8%.)(
$10,231,828.56 (Total: The sum may differ from the total due to rounding.
This total does not include any amount for a tax burden as the co-owner is tax exempt.)
Assumptions:
- FMPA assumed the correctness and accuracy of the information prodded fEr ie) and 1b), which was supplied by DEE.
For consistency with the DEF 2013 decommissioning cost estimate, the assumed Cost Escalation Rate is 0.00%.
n"The assumed eamings rate is 7.422% for the portion inrested at a guaranteed fixed rate through September 2016 (guaranteed by a forward delivery agreement) and.8% for the rest of the accumulated funds, after the current inrestment terms expire for accumulated funds that are currently invested, and for all accumulated funds after September 2016.
5 Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v);
6 Any modifications occurring to a licensee's current method of proidding financial assurance since the last submitted report: and 7
Any material changes to trust agreements.
10 CFR 50.82(aX8Xv) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulatire and orer the predous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount prodded by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licenses's current method of prodding financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 50.82(a)(8Xvi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount prodded by other financial assurance methods being relied upon, does not corer the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to corer the estimated cost of completion.
10 CFR 60.82(aXBXvli) - Report on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to corer the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not corer the projected cost, a plan to obtain additional funds to cover the cost.
None None None
$0.00 3
- Predous calendar year
$0.00
- Cumulatire 6,431,727 r.2
$0.00 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
3,590,349 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $10,231,829.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $10,231,829.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 1 LICENSE NUMBER DPR - 72 ATTACHMENT 9 ORLANDO UTILITIES COMMISSION, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 Orlando Utilities Commission Crystal River Unit 3 1.6015% Ownership Item #
10 CFR 50.75(f)(1) - Status of decommissioning funding 1
Ia. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; 5
Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(s);
8 Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 50.82(aXBXv) - Financial assurance status report 8
(A) The amount spent on decommissioning, beth cumulative and over the previous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount pmrided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 50.82(aX)Xvi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount provided by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(a)X8)(vii) - Report on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not cover the projected cost, a plan to obtain additional funds to cover the cost.
Crystal River Unit 3 7,740,836 13,803,361 8,328,715 1.2
$0.00 inflation 2.00%
rate of return FY 2015 2016 2017 2018 & Beyond 1.35%
2.45%
3.05%
3.50%
NA NA NA
$0.00
- Previous calendar year
$0.00
- Cumulative 8,328,715 1.2 NA See Attachment 11 Unrestricted Release NA NA As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
4,649,294 4 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page
, Page 2 of 2 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $13,249,626.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $13,249,626.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 1 LICENSE NUMBER DPR - 72 ATTACHMENT 10 SEMINOLE ELECTRIC COOPERATIVE, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT 0, Page 1 of 2 NRC Decommissioning Funding Status Report Report Dated as of December 31, 2013 Seminole Electric Cooperative, Inc.
Crystal River Unit 3 1.6994% Ownership Item #
10 CFR 50.75(f)(1) - Status of decommissioning funding 1
la. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decommissioning funds estimated to be required for License Termination costs assuming the SAFSTOR alternative, from the site-specific study submitted to NRC on 12/2/2013 pursuant to 10 CFR 50.82 (a) (8) (iii).
2 The amount of decommissioning funds accumulated to the end of the calendar year preceding the date of the report; 3
A schedule of the annual amounts remaining to be collected; 4
The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; 5
Any contracts upon which the licensee is relying pursuant to paragraph 10 CFR 50.75(e)(1)(v);
6 Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 7
Any material changes to trust agreements.
10 CFR 50.82(a)(8)(v) - Financial assurance status report 8
(A) The amount spent on decommissioning, both cumulative and over the previous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount provided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decommissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decommissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensee's current method of providing financial assurance since the last submitted report; and 14 (D) Any material changes to trust agreements or financial assurance contracts.
10 CFR 50.82(a)(8)(vi) 15 If the sum of the balance of any remaining decommissioning funds, plus earnings on such funds calculated at not greater than a 2 percent real rate of return, together with the amount provided by other financial assurance methods being relied upon, does not cover the estimated cost to complete the decommissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(a)(8)(vii) - Report on the status of funding for managing irradiated fuel 16 (A) The amount of funds accumulated to cover the cost of managing the irradiated fuel; 17 (B) The projected cost of managing irradiated fuel until title to the fuel and possession of the fuel is transferred to the Secretary of Energy; and 18 (C) If the funds accumulated do not cover the projected cost, a plan to obtain additional funds to cover the cost.
Crystal River Unit 3 8,214,035 14,647,163 8,229,219 1,2 None inflation rate of return 2.38%
3.99%
- Previous calendar year
- Cumulative 8,229,219 1.2 None See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
4,593,753 4 See Attachment 12 As demonstrated in Attachment 12, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEF's portion of ISFSI capital construction costs as described in the 50.54(bb) update (ML13340A008).
Footnotes next page 0, Page 2 of 2 0 Footnotes:
1 Represents the amount of decommissioning funds allocable to Nuclear Regulatory Commission (NRC) radiological decommissioning (i.e., decommissioning as defined in 10 CFR 50.2). Concurrently with the filing of this submittal, the licensees of the Crystal River Unit 3 Nuclear Plant have filed a separate submittal to allow use of their commingled decommissioning trust funds to pay for (i) NRC radiological decommissioning, (ii) irradiated/spent fuel management and (iii) State site restoration costs. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, Duke Energy Florida, Inc. (DEF) submits that the amount of decommissioning funds that should be allocated to NRC radiological decommissioning is equal to 62.86% of the December 31, 2013 full fund balance of $13,091,344.
2 Amount is net of 2013 tax obligations.
3 Represents the amount actually disbursed from the fund as of December 31, 2013, not the costs incurred as of December 31, 2013.
The Column A description in Attachment 11 identifies 2013 decommissioning expenditures not yet reimbursed from the decommissioning trust funds.
4 Represents the amount of decommissioning funds allocable to irradiated fuel management. Based on the most recent site specific decommissioning cost study and with consideration of the timing of expenditures and growth, DEF submits that the amount of decommissioning funds that should be allocated to irradiated fuel management is equal to 35.09% of the December 31, 2013 full fund balance of $13,091,344.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 11 CRYSTAL RIVER UNIT 3, ESTIMATE OF COSTS TO COMPLETE DECOMMISSIONING AND FINANCIAL ASSURANCE DEMONSTRATION 1, Page 1 of 3 The financial analysis is provided below to meet the requirement of 10 CFR 50.82(a)(8)(vi) in whole, specifically Item 15 in Attachments 1 through 10, and to demonstrate that the funds accumulated cover the estimated cost of completion.
Funding Requirements for License Termination - SAFSTOR Scenario Column A Column B Column C Annual Expenses Projected Earnings End-of-year Fund Balances At 62.86% Allocation All Owners Annual Earnings on Decommissioning Trust Fund License Termination Decommissioning Trust Escalated at 2%
Cost Fund at 2%
(minus 100% of expenses)
(in thousands)
(in thousands)
(in thousands) 2013 520,973 2014 101,152 9,408 429,229 2015 47,935 8,105 389,399 2016 6,831 7,720 390,287 2017 6,812 7,738 391,213 2018 6,812 7,756 392,157 2019 6,275 7,780 393,663 2020 5,437 7,819 396,044 2021 5,422 7,867 398,489 2022 5,422 7,916 400,983 2023 5,422 7,965 403,526 2024 5,437 8,016 406,105 2025 5,422 8,068 408,751 2026 5,422 8,121 411,450 2027 5,422 8,175 414,203 2028 5,437 8,230 416,995 2029 5,422 8,286 419,859 2030 5,422 8,343 422,780 2031 5,422 8,401 425,760 2032 5,437 8,461 428,783 2033 5,422 8,521 431,883 2034 5,422 8,583 435,044 2035 5,422 8,647 438,269 2036 5,437 8,711 441,543 2037 5,390 8,777 444,930 2038 5,390 8,845 448,385 2039 5,390 8,914 451,908 2040 5,404 8,984 455,488 2041 5,390 9,056 459,154 1, Page 2 of 3 Column A Column B Column C Annual Expenses Projected Earnings End-of-year Fund Balances At 62.86% Allocation All Owners Annual Earnings on Decommissioning Trust Fund License Termination Decommissioning Trust Escalated at 2%
Cost Fund at 2%
(minus 100% of expenses)
(in thousands)
(in thousands)
(in thousands) 2042 5,390 9,129 462,894 2043 5,390 9,204 466,707 2044 5,404 9,280 470,584 2045 5,390 9,358 474,551 2046 5,390 9,437 478,598 2047 5,390 9,518 482,727 2048 5,404 9,600 486,923 2049 5,390 9,685 491,218 2050 5,390 9,770 495,598 2051 5,390 9,858 500,066 2052 5,404 9,947 504,609 2053 5,390 10,038 509,258 2054 5,390 10,131 513,999 2055 5,390 10,226 518,835 2056 5,404 10,323 523,754 2057 5,390 10,421 528,785 2058 5,390 10,522 533,917 2059 5,390 10,624 539,151 2060 5,404 10,729 544,476 2061 5,390 10,836 549,922 2062 5,390 10,945 555,476 2063 5,390 11,056 561,142 2064 5,404 11,169 566,907 2065 5,390 11,284 572,801 2066 5,390 11,402 578,813 2067 28,461 11,292 561,644 2068 64,677 10,586 507,553 2069 118,071 8,970 398,452 2070 89,757 7,071 315,767 2071 75,541 5,560 245,786 2072 50,584 4,410 199,611 2073 4,857 3,944 198,698 2074 93 3,973 202,578 1, Page 3 of 3 Column A - Annual Expenses - Reflects the License Termination Plan cost portion of the Decommissioning Cost Estimate (DCE) at a 0% escalation rate. The 2014 costs represent the sum of the 2013 and 2014 costs from the DCE because no costs were paid from the trust funds in 2013.
License Termination costs in the amount of $11,522,999 were incurred in 2013, but not disbursed from the fund. The remaining portion of the 2013 estimated costs from the DCE are expected to be incurred in 2014.
Therefore, the DCE is still considered accurate. The values in Column A and this description provide the information required by 10 CFR 50.82(a)(8)(v)(B) in part, specifically Item 11 in Attachments 1 through 10.
Column B - Projected Earnings - Reflects earnings on funds remaining in the trust. An anticipated 1.65%
real rate of return was used for the financial analysis provided in the Post-Shutdown Decommissioning Activities Report. Additionally, the co-owners of Crystal River Unit 3 report various real rates of return for planning purposes in Attachments 1 through 10. However, 10 CFR 50.82(a)(8)(vi) permits the use of a real rate of return of up to 2% in financial analyses used to determine financial assurance and is therefore used in this financial analysis. The earnings are calculated on the previous year's end-of-year fund balance (Column C) less 50% of the given year's annual expenses.
Column C - End-of-year Fund Balances - Reflects the end-of-year fund balance after all projected earnings are added and projected expenditures are deducted. The 2013 end-of-year fund balance includes 100% of
$6,760,841 in funds held by the City of Tallahassee on behalf of Duke Energy Florida, Inc. as such funds are required to be used for Nuclear Regulatory Commission (NRC) radiological decommissioning only per NRC order (ADAMS Accession No. ML020670117).
For the purposes of demonstrating financial assurance in accordance with 10 CFR 50.82(a)(8)(vi), the methodology and assumptions in this analysis are consistent with the NRC's methodology and assumptions of performing its 10 CFR 50.75 financial assurance demonstration as outlined in LIC-205, "Procedures for NRC's Independent Analysis of Decommissioning Funding Assurance for Operating Nuclear Power Reactors,"
Revision 4, and in the NRC's Crystal River Unit 3-specific analysis provided by letter dated May 22, 2012 (ADAMS Accession No. ML12123A082).
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 12 CRYSTAL RIVER UNIT 3, PROJECTED COST OF MANAGING IRRADIATED FUEL AND PLAN TO COVER PROJECTED COST 2, Page 1 of 3 The financial analysis is provided below to meet the requirement of 10 CFR 50.82(a)(8)(vii)(C) in whole, specifically Item 18 in Attachments 1 through 10.
Funding Requirements for Spent Fuel - SAFSTOR Scenario Column A Column B Column C Annual Expenses Projected Earnings End-of-year Fund Balances Spent Fuel Cost Annual Earnings on At 35.09% Allocation (in thousands)
Decommissioning Trust All Owners Fund at 2%
Decommissioning Trust Fund (in thousands)
Escalated at 2%
(minus 100% of expenses)
(in thousands) 2013 287,046 2014 27,422 5,467 265,090 2015 30,015 5,002 240,077 2016 37,687 4,425 206,815 2017 35,683 3,779 174,911 2018 35,683 3,141 142,370 2019 23,675 2,611 121,305 2020 4,611 2,380 119,074 2021 4,598 2,336 116,812 2022 4,598 2,290 114,504 2023 4,598 2,244 112,150 2024 4,611 2,197 109,736 2025 4,598 2,149 107,287 2026 4,598 2,100 104,788 2027 4,598 2,050 102,240 2028 4,611 1,999 99,628 2029 4,598 1,947 96,976 2030 4,598 1,894 94,272 2031 4,598 1,839 91,513 2032 4,611 1,784 88,687 2033 4,598 1,728 85,816 2034 4,598 1,670 82,889 2035 7,358 1,584 77,115 2036 6,681 1,475 71,909 2037 0
1,438 73,348 2038 0
1,467 74,815 2039 0
1,496 76,311 2040 0
1,526 77,837 2041 0
1,557 79,394 2042 0
1,588 80,982 2, Page 2 of 3 Column A Column B Column C Annual Expenses Projected Earnings End-of-year Fund Balances Spent Fuel Cost Annual Earnings on At 35.09% Allocation (in thousands)
Decommissioning Trust All Owners Fund at 2%
Decommissioning Trust Fund (in thousands)
Escalated at 2%
(minus 100% of expenses)
(in thousands) 2043 0
1,620 82,601 2044 0
1,652 84,253 2045 0
1,685 85,938 2046 0
1,719 87,657 2047 0
1,753 89,410 2048 0
1,788 91,199 2049 0
1,824 93,023 2050 0
1,860 94,883 2051 0
1,898 96,781 2052 0
1,936 98,716 2053 0
1,974 100,691 2054 0
2,014 102,704 2055 0
2,054 104,758 2056 0
2,095 106,854 2057 0
2,137 108,991 2058 0
2,180 111,170 2059 0
2,223 113,394 2060 0
2,268 115,662 2061 0
2,313 117,975 2062 0
2,360 120,335 2063 0
2,407 122,741 2064 0
2,455 125,196 2065 0
2,504 127,700 2066 0
2,554 130,254 2067 0
2,605 132,859 2068 0
2,657 135,516 2069 0
2,710 138,227 2070 0
2,765 140,991 2071 0
2,820 143,811 2072 0
2,876 146,687 2073 0
2,934 149,621 2074 0
2,992 152,613 2, Page 0 of 3 Column A - Annual Expenses - Reflects the Spent Fuel Management cost portion of the Decommissioning Cost Estimate (DCE) at a 0% escalation rate. The 2014 costs represent the sum of the 2013 and 2014 costs from the DCE because no costs were paid from the trust funds in 2013. Spent Fuel Management costs in the amount of $1,859,740 were incurred in 2013, but not disbursed from the fund. The remaining portion of the 2013 estimated costs are expected to be incurred in 2014. Therefore, the DCE is still considered accurate.
The 2014, 2015 and 2016 costs include independent spent fuel storage installation (ISFSI) capital construction costs for all licensees, except Duke Energy Florida, Inc. (DEF). DEF will fund its portion of ISFSI capital construction costs as described in its Update to Irradiated Fuel Management Program pursuant to 10 CFR 50.54(bb) (ADAMS Accession No. ML13340A008). The values in Column A and this description provide the information required by 10 CFR 50.82(a)(8)(vii)(B) in whole, specifically Item 17 in Attachments 1 through 10.
Column B - Projected Earnings - Reflects earnings on funds remaining in the trust. An anticipated 1.65%
real rate of return was used for the financial analysis provided in the Post-Shutdown Decommissioning Activities Report. Additionally, the co-owners of Crystal River Unit 3 report various real rates of return for planning purposes in Attachments 1 through 10. However, 10 CFR 50.82(a)(8)(vi) permits the use of a real rate of return of up to 2% in financial analyses used to determine financial assurance and is therefore used in this financial analysis. The earnings are calculated on the previous year's end-of-year fund balance (Column C) less 50% of the given year's annual expenses.
Column C - End-of-year Fund Balances - Reflects the end-of-year fund balance after all projected earnings are added and projected expenditures are deducted.
For the purposes of demonstrating that funds accumulated cover projected costs in accordance with 10 CFR 50.82(a)(8)(vii)(C), the methodology and assumptions in this analysis are consistent with the Nuclear Regulatory Commission (NRC) methodology and assumptions for performing its 10 CFR 50.75 financial assurance demonstration as outlined in LIC-205, "Procedures for NRC's Independent Analysis of Decommissioning Funding Assurance for Operating Nuclear Power Reactors," Revision 4, and in the NRC's Crystal River Unit 3-specific analysis provided by letter dated May 22, 2012 (ADAMS Accession No. ML12123A082).