ML17019A145
| ML17019A145 | |
| Person / Time | |
|---|---|
| Site: | Vermont Yankee File:NorthStar Vermont Yankee icon.png |
| Issue date: | 01/24/2017 |
| From: | Scheurich S, State S Entergy Corp, Vermont Yankee |
| To: | Office of Nuclear Material Safety and Safeguards |
| J. Parrott NMSS/DUWP/RDB 415-6634 T-8E47 | |
| References | |
| Download: ML17019A145 (25) | |
Text
Vermont Yankee Nuclear Power Station Decommissioning Scott State, P.E., - NorthStar, CEO Steven Scheurich, Entergy - VP, Nuclear Decommissioning January 24, 2017
- Purpose of Meeting
- Current Status of Vermont Yankee
- Overview of NorthStar Approach and Teaming Partners
- Technical Qualifications
- Financial Assurance
- Other License Transfer Requirements
- Conclusion
- Next Steps Agenda PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 2
- Intent to initiate decommissioning of Vermont Yankee Nuclear Power Station (VYNPS) ahead of previous schedule
- Proposed License Transfer Application for VYNPS
- Introduce NorthStar and Teaming Partners
- Provide an overview of the decommissioning approach, including technical qualifications, financial assurances, organization structure and decommissioning schedule Purpose of Meeting PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 3
CONFIDENTIAL Current staffing level at VY: ~150 FTEs Target ISFSI only status by end of 2018 Commitment to open & transparent communication:
Public: VT Nuclear Decommissioning CAP Employees: Entergy, NorthStar & Teaming Partners Regulatory: NRC, State of Vermont As-Submitted Dec. 2014 PSDAR Decommissioning Timeline:
Dec 2014 VYNPS Shutdown Jan 2015 Reactor Permanently Defueled 2015-2020 Planning, Preparations and Deactivation; ISFSI expansion and fuel transfer 2021-2067 SAFSTOR Dormancy Period 2052 DOE completes removal of all spent nuclear fuel 2068-2073 Dismantling & Decontamination 2073 License Termination 2075 Site Restoration Current Status of Vermont Yankee PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 4
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 5
Introductions
Purpose of Meeting Current Status of Vermont Yankee
- Overview of NorthStar Approach and Teaming Partners Technical Qualifications Financial Assurance Other License Transfer Requirements Conclusion Next Steps Agenda
Fuel transfer SAFSTOR Dormancy & ISFSI Operations D&D/LT S
R 2075 2067 2073 2020 2016 Fuel Transfer ISFSI Operations D&D/SR L
T 2018 2016 NorthStars Decommissioning Timeline Partial Site Release/Site Restoration
- 2052 NorthStar Ownership (Target ISFSI Only)
End Dry Storage Accelerates Decommissioning from 2073 to 2030 Timeline under Entergy ownership
- Excludes ISFSI
- Assumes DOE Fuel Pick-Up Complete in 2052 2030 License Termination Complete - 2052 vs. 2075 **
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 6
Proposed Timeline under NorthStar License Transfer Application
Corporate Headquarters - New York City
- Regional offices in Boston, Chicago, Denver, Orlando, New Jersey, and Seattle About NorthStar Group Services, Inc.
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 7
Founded 1986 Over 25 Offices Nationwide Over 3,500 full time employees Safety - 2016 EMR 0.69 Average Annual Revenues - $650M Projects Completed >100,000 The NorthStar Team has completed over 300 Nuclear and Power Plant Projects in the last 15 years
- 1 Demolition and #1 Facility Abatement Contractor as ranked by Engineering News Record (based on annual revenue)
Largest Demolition Contractor in the World as ranked by Construction & Demolition Recycling Magazine (based on annual revenue)
Nationwide Branch Network
NorthStar Team: Roles & Responsibilities Owner and Decommissioning Lead Partner
- Worlds Largest Turnkey Decommissioning & Facility Services Contractor
- Abatement & Demolition Contractor
- Extensive nuclear experience
- NorthStar CEO, Scott E. State, P.E. - Chief Nuclear Officer for owner Engineering and License Transfer / Termination Support to Owner
- Founded in 1898 - 100% Employee Owned
- Over 5,300 professionals - 35 offices worldwide
- Annual Revenue over $2.5 billion Waste Management, Packaging, Transportation and Disposal
- Licensed for Class A, B, C & Exempt Low-Level Radioactive Waste
- Texas Compact disposal site
- Pending application - Centralized Interim Storage Facility Vessel and Internals Segmentation / Spent Fuel Support
- Worlds leading nuclear fuel and services provider
- Leading expertise in vessel and internals segmentation
- BWR experience: Wuergassen Reactor 320-ton RPV PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 8
Owner & Lead Teaming Partners
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 9
Introductions
Purpose of Meeting Current Status of Vermont Yankee Overview of NorthStar Approach and Teaming Partners
- Technical Qualifications Financial Assurance Other License Transfer Requirements Conclusion Next Steps Agenda
Worlds Largest Turnkey Decommissioning &
Facility Services Contractor D&D*, Asbestos &
Hazardous Materials Abatement, Facility Demolition 35+ Years Specialty Contractor Services 95% of all projects require regulatory approvals to complete Worlds Leading Nuclear Fuel &
Services Provider Vessel & Internals Segmentation Spent Fuel Support 20+ Years Reactor D&D Project Team Experience
- Wuergassen BWR
- Yankee Plants Global Full-Service Engineering &
Environmental Solutions Firm Environmental Engineering &
License Transfer/
Termination Support Founded in 1898 Cimarron, Tronox Over 5,300 professionals Nations Leading Radioactive &
Hazardous Waste Services Provider Waste Management, Packaging, Transportation
& Disposal Class A, B, C & Exempt LLRW Facility TX Compact & Federal Waste Disposal Facilities NorthStar Team: Expertise and Experience
- Decontamination (radiological) & Decommissioning PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 10 Expertise Experience
NorthStar Team: Expertise and Experience PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 11 CONFIDENTIAL Major Utility Clients Decommissioning Experience Nuclear Power Plants Maine Yankee Yankee Rowe Connecticut Yankee Stade PWR Wuergassen BWR Rancho Seco Millstone I
NorthStar Team: Expertise and Experience PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 12 Uranium Fuel Production Facilities
Technical Qualifications - Company Structure PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 13 Entergy Ownership NorthStar Ownership
Technical Qualifications - NorthStar Team Structure PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 14
Technical Qualifications - Decommissioning Organization PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 15
Target Project Schedule - Overview PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 16 Target Project Schedule
- Regulatory Commitment for Partial Site Release is 12.31.2030
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 17
Introductions
Purpose of Meeting Current Status of Vermont Yankee Overview of NorthStar Approach and Teaming Partners Technical Qualifications
- Financial Assurance Other License Transfer Requirements Conclusion Next Steps Agenda
Financial Assurance for Decommissioning Minimum Nuclear Decommissioning Trust (NDT) balance satisfies 10 CFR 50.75(e)(1)(i) as a prepayment method of providing decommissioning financial assurance NDT to be retained by NorthStar Vermont Yankee, LLC Financially qualified in accordance with 10 CFR 50.33(f)(2)
NDT fund meets prepayment method based upon updated DCE Minimum NDT balance at license transfer ensures ability to start D&D no later than 2021 and ensures partial site release and site restoration by 2030 Contract milestones and project schedule penalties ($25 million irrevocable LOC tied to project start and completion milestones)
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 18
NRC Required and Additional Financial Assurances PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 19 Nuclear Decommissioning Trust/DCE (10 CFR 50.75 Financial Assurance)
Guaranteed Fixed Payment (Risk owned by NorthStar Team and Bonding Companies)
Team Performance Bonds (Majority of D&D Project Costs)
Team Contractual Commitments NorthStar Corporate Guarantee
$125M Support Agreement
Funding Assurance Under 10 CFR 50.75 PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 20 NDT Funds meet Pre-Paid Method Requirements under 10 CFR 50.75 Thousands of 2016 Dollars
- Spent Fuel Management License Termination (10 CFR 50.75)
Facility Management
$83,494 Decontamination and Decommissioning
$223,174 Large Component Removal
$94,993 Project Management
$93,335 ISFSI Decommissioning
$3,454 Total License Termination Costs
$498,450
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 21
Introductions
Purpose of Meeting Current Status of Vermont Yankee Overview of NorthStar Approach and Teaming Partners Technical Qualifications Financial Assurance
- Other License Transfer Requirements Conclusion Next Steps Agenda
Other License Transfer Requirements PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 22 Spent Fuel Management
- ENVY, under NorthStar ownership, will retain SNF rights and obligations pursuant to DOE standard contract
- NorthStar will be responsible for ISFSI decommissioning
- Spent fuel management funded by NorthStar
- ISFSI maintenance to be funded by using up to $20 million of NDT funds at any one time under existing exemption augmented by annual recoveries of damages from DOE (10 CFR 50.54 (bb))
- Further assured by $125 million Support Agreement
Other License Transfer Requirements PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 23 Foreign Ownership and Control
- NorthStars Board of Directors are all U.S. Citizens
- NorthStar and the licensee entities are not owned, controlled or dominated by any foreign person.
Insurance
- NorthStar NDC will obtain onsite property damage insurance and the offsite nuclear liability coverage
- Coverage will be in place on the effective date of transfer
- VY exemptions on coverage amounts will continue to apply
PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 24 License Transfer satisfies NRC regulatory requirements and guidance 1.
Technical Qualifications 2.
Financial Qualifications and Decommissioning Funding 3.
Foreign Ownership, Control, or Domination 4.
Nuclear Insurance and Indemnity License Transfer for Accelerated Decommissioning is in the public good for Vermont 1.
Supports prompt decommissioning of VYNPS 2.
Accelerates potential re-purpose of the site for economic development 3.
NorthStar will be a fair partner to Vermont Conclusion License Transfer for Accelerated Decommissioning Approach
CONFIDENTIAL Next Steps PRE-SUBMITTAL MEETING - PROPOSED LICENSE TRANSFER APPLICATION 25 Milestone Target Date File license transfer application with NRC Feb 2017 NRC approval Dec. 2017 Vermont Public Service Board approval March 2018 Spent Fuel moved to ISFSI 3Q-2018 Transaction Close End of 2018