3F0315-04, Annual Decommissioning and Irradiated Fuel Management Financial Status Report for 2014
| ML15092A113 | |
| Person / Time | |
|---|---|
| Site: | Crystal River  |
| Issue date: | 03/31/2015 |
| From: | Hobbs T Duke Energy Florida |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| 3F0315-04 | |
| Download: ML15092A113 (36) | |
Text
DUKE VCrystal River Nuclear Plant D K 15760 W. Power Line Street
- ENERGY, Crystal River, FL 34428 Docket 50-302 Operating License No. DPR-72 10 CFR 50.82 10 CFR 50.75 March 31, 2015 3F0315-04 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 2014
References:
- 1. 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)
- 2. CR-3 to NRC letter dated December 2, 2013, "Crystal River Unit 3 - Post-Shutdown Decommissioning Activities Report" (ADAMS Accession No. ML13340A009)
- 3. NRC to CR-3 letter dated January 26, 2015, "Crystal River Unit 3 Nuclear Generating Plant - Exemptions from the Requirements of 10 CFR Part 50, Sections 50.82(a)(8)(i)(A) and 50.75(h)(2)"
(ADAMS Accession No.
- 4. NRC to CR-3 letter dated March 11, 2015, "Crystal River Unit 3 Nuclear Generating Plant Post-Shutdown Decommissioning Activities Report" (ADAMS Accession No. ML14321A751)
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 2014. In Reference 1, the NRC acknowledged CR-3's certification of permanent cessation of power operation and permanent removal of fuel from the reactor vessel. In Reference 2, DEF submitted its Post-Shutdown Decommissioning Activities Report (PSDAR) 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.
,tW-
U. S. Nuclear Regulatory Commission Page 2 of 3 3F0315-04 In Reference 3, the NRC provided its approval of the CR-3 exemption request to use the funds from the CR-3 Decommissioning Trust Funds for Irradiated Fuel Management and Site Restoration Costs. The financial assurance demonstration performed in this submittal has been prepared consistent with that exemption request.
In Reference 4, the NRC found that the PSDAR contained the necessary information required by 10 CFR 50.82(a)(4)(i) and was consistent with the guidance of Regulatory Guide 1.185.
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:
(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 for labor rates and energy costs used in Item (1) for the calculation in 10 CFR 50.75(c)(2) are determined using the December 2014 indices from the U.S. Department of Labor, Bureau of Labor Statistics. The adjustment factor for the cost of low-level waste burial
U. S. Nuclear Regulatory Commission Page 3 of 3 3F0315-04 charges used in Item (1) for the calculation in 10 CFR 50.75(c)(2) is determined using NUREG-1307, Revision 15, which is consistent with the intent of Regulatory Issue Summary 2014-12, "Decommissioning Fund Status Report Calculations - Update to Low-Level Waste Burial Charge Information."
There are no new regulatory commitments associated with this letter.
If you have any questions regarding this submittal, please contact Mr. Phil Rose, Lead Engineer, Nuclear Regulatory Affairs, at (352) 563-4883.
Sincerely, Terry Hobbs 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 xc:
NRR Project Manager Regional Administrator, Region I
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / LICENSE NUMBER DPR - 72 ATTACHMENT 1 DUKE ENERGY FLORIDA, CRYSTAL RIVER UNIT 3 FUNDING STATUS REPORT
, Page 1 of 2 NRC Decomrrissioning Funding Status Report Report Dated as of December 31, 2014 Duke Energy Florida Crystal Rver Unit 3 91.7806% Ownership 10 CFR 50.75(f7(1) - Status of decommissioning funding I
The amount of decomnissioning 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 remaining License Termination costs.
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 decomrissioning 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 deconmissioning, 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 deconmissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensees 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)(vQ 15 If the sum of the balance of any remaining decommnissioning 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 3 442,593,006 801,610,167 809,681,234 2.3 None inflation qualified rate of return 2.8% 4 5.10%'
None None 3,159,121 3,159,121 809,681,234 2.2 None See Attachment 11
- Previous calendar year
- Cumulative Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, 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 update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 DEF's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2 Amount is net of 2014 tax obligations.
3Represents (a) the full fund balance of DEF's qualified and non-qualified decommissioning funds, which, in accordance with the NRC exemption request approval (ADAMS Accession No. 14247A545), can also be used for Spent Fuel Management and Site Restoration costs, and (b) 100% of the funds held by the City of Tallahassee on behalf of DEF, which pursuant to NRC order (ADAMS Accession No. ML020670117) will only be used for NRC radiological decommissioning.
4 Represents values approved by the Florida Public Service Commission in Order No. PSC-14-0702-PAA-EI, issued December 22, 2014, which became effective and final pursuant to Order No. PSC-15-0067-CO-EI, issued on January 23, 2015.
5 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
6 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / 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, 2014 City of Alachua Crystal River Unit 3 0.0779%
Ownership
&emA 10 CFR 50.75(f)(1) 1 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 remaining License Termination costs.
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 licensees current method of providing financial assurance since the last submitted report and 7
Any material changes to trust agreements.
10 CFR 60.82(a)(8)(v) 8 (A) The amount spent on decommissioning, bolt cumulative and over the previous calendar year.
9 The remaining balance of any decommissioning funds, and 10 The amount prodided 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, pbs 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 80.82(a)(8)(vli) 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 plen to obtain additional funds to cover the cost Crystal River Unit 3 375,657 680,377 638,547 2.3 None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None 4
- Previous calendar year 5
- Cumulative 638,547 2.3 See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, 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 update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Alachua's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2 Amount is net of 2014 tax obligations.
3Represents the full fund balance of the City of Alachua's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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, 2014 City of Bushnell Crystal Rver Unit 3 0.0388%
Ownership tem#
10 CFR 60.75(f)(1) 1 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 remaining License Termination costs.
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 licenses 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) 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)(vli) 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 3 187,105 338,879 316,559 2.3 None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None None 4-Previous calendar year None
- Cumulative 316,559 2.3 None See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted esception of DEF's portion of ISFS1 capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Bushnell's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2 Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of Bushnell's trust fund, which, in accordance with the NRC ememption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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, 2014 City of Gaineatlle Crystal River Unit 3 1.4079% Ownership JUmA 1
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 remaining License Termination costs.
Crystal River Unit 3 6,789,307 12,296,574 11,237,699 2.3 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) 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 retum, 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) 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.
None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None None 4
None 11,237,699 2.3 None See Attachment 11
- Previous calendar year
- Cumulative Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, 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 update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Gainsville's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2AAmount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of Gainsville's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / 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, 2014 City of Kissimmee Crystal River Unit 3 0.6754% Ownership 1=9l 10 CFR 50.75(f)(1) 1 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 remaining License Termination costs.
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) 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 (6) 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)(S)(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) 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 3,256,977 5,898,932 6,048,608 2.3 None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None None None 5
6,048,608 2.3 None See Attachment 11
- Previous calendar year
- Cumulative Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEPs portion of ISFSI capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to IOCFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Kissimmee's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of Kissimmee's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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, 2014 City of Leesburg Crystal River Unit 3 0.8244% Ownership 10 CFR 50.75(f)(1)
S 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 remaining License Termination costs.
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) 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)(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 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)(vit) 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 3,975,499 7,200,295 6,598,843 2.3 None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None None 4
- Previous calendar year None
- Cumulative 6,598,843 2.3 None See Attachment 11 Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted eseption of DEF's portion of ISFSI capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to 1 OCFR50. 54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Leesburg's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of Leesburg's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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, 2014 City of New Smyrna Beach Crystal Rver Unit 3 0.5608% Ownership 10 CFR 50.75(f)(1) 1 The amount of decomnissioning 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 remaining Ucense Termination costs.
2 The amount of decomrrissioning 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 deconmissioning 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) 8 (A) The amount spent on decommissioning, both cumulative and over the previous calendar year.
9 The remaining balance of any deconmrissioning funds, and 10 The amount provided by other financial assurance methods being relied upon; 11 (B) An estimate of the costs to complete decomrissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decomrnissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensees 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 rernmning decomnissioning 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 decomnissioning, the financial assurance status report must include additional financial assurance to cover the estimated cost of completion.
10 CFR 50.82(a)(8)(vli) 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 2,704,342 4,898,017 4,280,479 2.3 None inflation rate of return 3.45%
0.10%
None None N/A
$0
$0 4,280,479 N/A See Attachment 11
- Previous calendar year
- Cumulative
.3 Unrestricted Release N/A N/A As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted exception of DEFs portion of ISFSI capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb) (ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of New Smyrna Beach's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of New Smyrna Beach's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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, 2014 City of Ocala Crystal River Unit 3 1.3333% Ownership 1an 10 CFR 50.75(f)(1)
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 remaining License Termination costs.
Crystal River Unit 3 6,429,564 11,645,019 10,632,074 2.5 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 licensees 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) 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 60.82(a)(8)(vil) 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 None inflation rate of return 2.80%
3%
on non forward delivery agreement funds 7.422% on forward delivery agreement funds None None None None 4
None 5
10,632,074 2.3 None See Attachment 11
- Previous calendar year
- Cumulative Unrestricted Release None None As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted eception of DEF's portion of ISFSI capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to 1 0CFRS0.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 City of Ocala ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the City of Ocala trust fund, which, in accordance with the NRC ememption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that hav not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / 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, 2014 Orlando Utilities Commission Crystal River Unit 3 1.6015% Ownership
&emA 10 CFR 50.75(1f(1) 1 The amount of decomnissioning 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 remaining License Termination costs.
2 The amount of decommnissioning 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 decommrissioning 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) 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 decorrvnissioning, 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)(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 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)(vll) 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 7,722,903 13,987,473 13,546,920 2.3 NA inflation rate of return 2%
2015 - 1.35%, 2016 - 2.46%, 2017 - 3.05%
2018 and beyond 3.50%
No Change No Change 4
- Previous calendar year 5
- Cumulative 13,546,920 2,3 See Attachment 11 Unrestricted Release No Change No Change As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, 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 update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb)
(ADAMS Accession No. ML13440A008)
Footnotes next page
, Page 2 of 2 Footnotes:
1 Orlando Utilities Commission's ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the Orlando Utilities Commission's trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that haw not been disbursed from the funds as of December 31, 2014.
DUKE ENERGY FLORIDA, INC.
DOCKET NUMBER 50 - 302 / 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, 2014 Seminole Electric Cooperative, Inc.
Crystal River Unit 3 1.6994% Ownership 1hn 10 CFR 50.75(f)(1)
The amount of deconyrissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c);
lb. The amount of decomrnissioning funds estimated to be required for remaining License Termination costs.
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 licensees 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) 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 decormmissioning, reflecting any difference between actual and estimated costs for work performed during the year, and 12 The decomnissioning criteria upon which the estimate is based; 13 (C) Any modifications occurring to a licensees current method of providing financial assurance since the last submitted report; and 14 (D) Any matedal changes to trust agreements or financial assurance contracts.
10 CFR 50.82(a)(8)(v) 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) 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 8,195,006 14,842,530 13,995,048 2.3 inflation rate of return 2.80%
4.71%
no no no 4
- Previous calendar year 5
- Cumulative 13,995,048 2.3 See Attachment 11 Unrestricted Release no no As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
As demonstrated in Attachment 11, funds accumulated cover estimated cost of completion.
See Attachment 11 As demonstrated in Attachment 11, funds accumulated cover projected cost of managing irradiated fuel, with the noted e~eption of DEF's portion of ISFSI capital construction costs as described in the update to the Irradiated Fuel Management Program pursuant to 10CFR50.54(bb) (ADAMS Accession No. ML13440A008)
Footnotes next page 0, Page 2 of 2 0 Footnotes:
1 Seminole Electric Cooperative, Inc. ownership share of the total amount of License Termination costs (Column A) in Attachment 11.
2Amount is net of 2014 tax obligations.
3 Represents the full fund balance of the Seminole Electric Cooperative, Inc. trust fund, which, in accordance with the NRC exemption request approval (ADAMS Accession No. ML14247A545), can also be used for Spent Fuel Management and Site Restoration costs.
4 Represents the amount actually disbursed from the fund in calendar year 2014 for License Termination costs, not the costs incurred in calendar year 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
5 Represents the cumulative amount actually disbursed from the fund as of December 31, 2014 for License Termination costs, not the cumulative costs incurred as of December 31, 2014. The Note applicable to Column A in Attachment 11 identifies the total amount of the 2013 and 2014 License Termination costs that have not been disbursed from the funds as of December 31, 2014.
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 2 Crystal River Unit 3 1 - Financial Assurance Demonstration December 31, 2014 Column Aolulumn B
Column C Column D Column E Annual Expenses Annual expenses Annual expenses Total Expenses Projected Earnings Annual Earnings on Decomnissioning Trust Ucense Terminaton Cost Spent Fuel Cost Site Restoration Cost Total Cost Fund at 2%
(in thousands)
(in thousands)
(in thousands)
(in thousands)
(in thousands) 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 2054 2035 2056 2057 2058 2059 2060 2061 2062 2063 2064 2065 2066 2067 2068 2069 2070 2071 2072 2073 2074 148,462 6,947 6,928 6,928 6,382 5,529 5,514 5,514 5,514 5,529 5,514 5,514 5,514 5,529 5,514 5,514 5.514 5,529 5,514 5,514 5,514 5,529 5,482 5,482 5,482 5,496 5,482 5,482 5.482 5.496 5,482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5.482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 28,945 65,777 120,078 91,283 76,825 51,444 4,940 95 57,594 38,328 36,290 36.290 24,077 4,689 4.676 4,676 4,676 4,689 4,676 4.676 4,676 4,689 4,676 4,676 4,676 4,689 4,676 4,676 7,483 6,795 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 415 1,341 1,657 1,014 692 270 27,723 20,327 206,056 45,275 43,217 43,217 30,459 10,219 10,190 10,190 10,190 10,219 10,190 10,190 10,190 10,219 10,190 10,190 10,190 10,219 10,190 10.190 12,997 12,324 5.482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5.482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 5,482 5,496 5,482 5,482 29,360 67,118 121,735 92,297 77,517 51,713 32,663 20,421 15,479 13,275 12,656 12,045 11,549 11,373 11,396 11,420 11,445 11,470 11,495 11,521 11,548 11,575 11,602 11,630 11,659 11,688 11,718 11,748 11,752 11,733 11,790 11,916 12,045 12,176 12,310 12,446 12,586 12,727 12,872 13,020 13,171 13,324 13,481 13,641 13,804 13,971 14,140 14,313 14,490 14,670 14,854 15,041 15,232 15,427 15,626 15,829 16,036 16,247 16,462 16,682 16,667 16,035 14,468 12,617 11,171 10,102 9,460 9,119 Column F End-of-year Fund Balances All Owners Decormmissioning Trust Fund Year-End Balance (in thousands) 876,976 686,399 654,399 623,838 592.665 573,754 574,908 576,114 577,344 578,599 579,850 581.155 582,486 583,843 585,199 586,611 588,051 589,519 590,989 592,516 594,074 592,829 592,238 598,546 604,981 611,544 618,224 625,052 632,017 639,120 646,352 653,743 661,281 668,970 676,799 684,798 692,958 701,281 709,755 718,414 727,246 736,254 745,429 754,801 764,360 774,111 784,042 794,187 804,534 815,088 825,839 836,820 848,020 835,327 784,244 676,977 597,296 530,950 489,339 466,136 454,833 Total1
$873,398
$277,051
$53,438
$1,203,888 1, Page 2 of 2 The financial analysis provided above meets the requirements of 10 CFR 50.82(a)(8)(vi) and 10 CFR 50.82(a)(8)(vii), specifically items 15 through 18 in Attachments 1 through 10, to demonstrate that funds cover the estimated cost to complete decommissioning and the cost of managing irradiated fuel. The methodology and assumptions in this analysis are consistent with the March 28, 2014, Request for Exemption from 10 CFR 50.82(a)(8)(i)(A) and 10 CFR 50.75(h)(2) (ADAMS Accession No. ML14098A037), which was approved by NRC on January 26, 2015 (ADAMS Accession No. ML14247A545). 1 Footnotes:
Column A - Annual Expenses - License Termination Cost - Reflects the License Termination cost portion of the Decommissioning Cost Estimate (DCE) escalated to 2014 dollars at the Consumer Price Index escatation rate of 1.7%. The 2015 costs represent the sum of 2013, 2014 and 2015 costs from the DCE, less $3,159,121 of 2013 License Termination costs disbursed from the funds in 2014. ucense Termination costs of $10.629,563 were incurred in 2013 (of which $3,159,121 was disbursed as of December 31, 2014). License Termination costs of
$39,781,034 were incurred in 2014 (of which $0 was reimbursed as of December 31, 2014). Reimbursement of the 2013 and 2014 outstanding costs is expected after December 31, 2014.
Column B - Annual Expenses - Spent Fuel Management Cost - Reflects the Spent Fuel Management cost portion of the Decommissioning Cost Estimate (DCE) escalated to 2014 dollars at the Consumer Prce Index escalation rate of 1.7%. The 2015 costs represent the sum of 2013, 2014 and 2015 costs from the DCE, less $819,107 of 2013 Spent Fuel Management costs disbursed from the funds in 2014. Spent Fuel Management costs of $1,963,188 were incurred in 2013 (of which $819,107 was disbursed as of December 31, 2014 and was the subject of a non-cited Aiotaton issued on October 21, 2014, in NRC Inspection Report No. 05000302/2014003 (ADAMS Accession No. ML14293A395)). Spent Fuel Management costs of $33,235,330 were incurred in 2014 (of which $0 was reimbursed as of December 31, 2014). Reimbursement of the 2013 and 2014 outstanding costs is expected after December 31, 2014. The 2015 and 2016 costs include ISFSI capital construction costs for all licensees, except 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).
Column C - Annual Expenses - Site Restoration Cost - Reflects the Site Restoration cost portion of the Deconamissioning Cost Estimate (DCE) escalated to 2014 dollars at the Consumer Price Index escalation rate of 1.7%. The 2015 costs represent the sum of 2013, 2014 and 2015 costs from the DCE. Site Restoration costs of $792,958 were incurred in 2013 (of which
$180,009 was disbursed as of December 31, 2014 and was the subject of a non-cited biolafion issued on October 21, 2014, in NRC Inspection Report No. 05000302/2014003 (ADAMS Accession No. ML14293A395)). Site Restoraton costs of $2.420,579 were incurred in 2014 (of which $0 was reimbursed as of December 31, 2014). Reimbursement of the 2013 and 2014 outstanding costs is expected after December 31, 2014. The 2014 reimbursement of $180,009 was related to costs contemplated in the DCE for the year 2074 and was therefore deducted from the 2074 costs in the table above.
Column D - Annual Expenses - Total Cost - Reflects the sum of the License Termination, Spent Fuel Management and Site Restoration costs.
Column E - Projected Earnlngs - Reflects earnings on funds remaining in the trusts. Pursuant to 10 CFR 50.82(a)(8)(,A), a 2% real rate of return is used in this financial analysis. The earnings are calculated on the preAous year's end-of-year fund balance (Column F) less 50% of the given year's annual expenses.
Column F-End-of-year Fund Balances - Reflects the end-of year fund balance of all funds after all projected earnings are added and projected expenditures are deducted. The 2014 end-of-year fund balance includes 100% of $8,815,843 in funds held by the City of Tallahassee on behalf of Duke Energy Florida, which pursuant to NRC order (ADAMS Accession No. ML020670117) will only be used for NRC radiological decommissioning.
I Total may not add due to rounding.