ML15126A177
| ML15126A177 | |
| Person / Time | |
|---|---|
| Site: | Palo Verde  |
| Issue date: | 05/01/2015 |
| From: | Weber T Arizona Public Service Co |
| To: | Document Control Desk, Office of Nuclear Material Safety and Safeguards, Office of Nuclear Reactor Regulation |
| References | |
| 102-07047-TNW/JR, PVAR 4650703 | |
| Download: ML15126A177 (4) | |
Text
10 CFR 50.75(f)(1) 10 CFR 72.30 Qaps Palo Verde Nuclear Generating Station 5801 S. Wintersburg Road Tonopah, AZ 85354 102-07047-TNW/JR May 1, 2015 ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Washington, DC 20555-0001
Reference:
Arizona Public Service Company (APS) Letter No. 102-07028, Consolidated Decommissioning Funding Status Report - 2014, dated March 31, 2015
Dear Sirs:
Subject:
Palo Verde Nuclear Generating Station (PVNGS)
Units 1, 2, 3 and Independent Spent Fuel Storage Installation (ISFSI)
Docket Nos. STN 50-528/529/530 and 72-44 Correction to Page 5 of Enclosure 1 to the Consolidated Decommissioning Funding Status Report - 2014 Enclosed, please find a corrected copy of page 5 of Enclosure 1 to the previously submitted referenced letter. A revision bar has been added to the left side of the affected page. The following change was made to correct a typographical error:
In footnote 2 of Table, Decommissioning Cost Study Estimates for Selected Decommissioning Functions, the total ISFSI decommissioning cost estimate was changed from $9,188 million to $9.188 million. This total cost estimate is the sum of three estimates located within the table.
This correction has been identified in the PVNGS Corrective Action Program as Palo Verde Action Request (PVAR) No. 4650703.
Please update your files accordingly. No commitments are being made to the NRC by this letter.
A member of the STARS (Strategic Teaming and Resource Sharing) Alliance Callaway
- Diablo Canyon
- Palo Verde
- Wolf Creek Q HS5Z-4'
102-07047-TNW/JR ATTN: Document Control Desk U.S. Nuclear Regulatory Commission Correction to Page 5 of Enclosure 1 to the Consolidated Decommissioning Funding Status Report - 2014 Page 2 Should you need further information regarding this submittal, please contact Mr. Michael Dilorenzo, Licensing Section Leader, at (623) 393-3495.
Sincerely, (A V&(, --
Thomas N. Weber Department Leader, Regulatory Affairs TNW/JR/hsc
Enclosure:
Correction to Page 5 of Enclosure 1 to the Consolidated Decommissioning Funding Status Report - 2014 cc:
M. L. Dapas M. M. Watford C. A. Peabody NRC Region IV Regional Administrator NRC NRR Project Manager NRC Senior Resident Inspector for PVNGS
Enclosure Correction to Page 5 of Enclosure 1 to the Consolidated Decommissioning Funding Status Report - 2014 2014 Decommissioning Funding Status Report for PVNGS ISFSI Decommissioning Cost Study Estimates for Selected Decommissioning Functions (In Thousands $) 1 Purpose Unit 1 Unit 2 Unit 3 Radiological
$639,588
$620,908
$701,937 ISFSI2
$3,063
$3,063
$3,063
- 1. These values come from the 2013 Decommissioning Cost Study, Table 6.1, page 73 of 160 and Appendix L, page 151 of 160 and have not been escalated to 2014 dollars.
- 2.
ISFSI decommissioning is a common cost for all three units, and is equally allocated above. The total ISFSI decommissioning cost estimate is $9.188 million (the figures above do not add due to rounding) and is consistent with the reported value in Enclosure 2, before the escalation example.
Item 3 A schedule of the annual amounts remaining to be collected.
Response
Pursuant to the Participation Agreement, as amended and reformed, the Participants agreed that each Participant would commit to minimum levels of accumulation of funds, regardless of fund investment performance, pursuant to a pre-established percentage funded commitment or "Funding Curve" for each year through the end of plant life.
Each Participant's percentage funding commitment was based upon an analysis which incorporated the Participant's individual business judgments (subject to regulatory approvals, as applicable) with respect to expected rates of fund investment earnings and escalation in total decommissioning costs. Every three years a site specific decommissioning cost estimate is performed, and each Participant applies the new site specific cost estimate to its pre-established Funding Curve. Each Participant is committed to minimum levels of accumulations, which cannot drop below a Funding Floor (which is never less than eighty percent of the Participant's Funding Curve and was established to take into account market fluctuations in the early years of fund accumulation).
For purposes of determining compliance with NRC's minimum financial assurance requirements, based upon an evaluation of the existing balances and earnings to be Page 5 (Corrected)