ML17355A263

Forwards FPL Decommissioning Fund Status Repts for St Lucie, Units 1 & 2 & Turkey Point,Units 3 & 4.Rept for St Lucie, Unit 2 Provides Status of Decommissioning Funds for All Three Owners of That Unit

ML17355A263
Person / Time
Site:	Saint Lucie, Turkey Point
Issue date:	03/12/1999
From:	Gianfrancesco FLORIDA POWER & LIGHT CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
L-99-67, NUDOCS 9903260266
Download: ML17355A263 (14)

Text

CATEGORY 1 .

ji REGULA RY INFORMATION DISTRIBUTION SYSTEM (RIDS)

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ACCESSION NBR:9903260266 DOC.DATE: 99/03/12 NOTARIZED: NO DOCKET FACIL:50-250 Turkey Point Plant, Unit 3, Florida Power and Light C 05000250 5(.-251 Turkey Point Plant, Unit 4, Florida Power and Light C 05000251 50-335 .St. Lucie Plant, Unit 1, Florida Power' Light Co. 05000335 50-389 St. Lucie Plant, Unit 2, Florida Power & Light Co. 05000389 AUTH. NAME AUTHOR AFFILIATXON GIANFRANCESCO Florida Power & Light Co.

RECIP.NAME RECIPIENT AFFXLXATXON Records Management Branch (Document Control Desk)

SUBJECT:

Forwards FPL decommissioning fund status repts for St Lucie, Units 1 &. 2 & Turkey Point, Units 3 &: 4.Rept for St Lucie, Unit 2 provides status of decommissioning funds for all three owners of that unit. E DISTRIBUTION CODE: A001D COPIES RECEIVED:LTR ENCL SIZE:

TITLE: OR Submittal: General Distribution NOTES:

RECIPIENT COPIES RECIPIENT COPIES ID CODE/NAME LTTR ENCL ID CODE/NAME LTTR ENCL PD2-3 LA 1 1 PD2-3 PD 1 1 JABBOUR,K 1 1 GLEAVES,W 1' INTERNAL: ACRS 1 1 ILE CENT 0 1 1 NRR/DE/ECGB/A 1 1 NMF/935/RMCB 1 1 NRR/DRCH/HICB 1 1 NRR/DSSA/SPLB 1 1 NRR/DSSA/SRXB 1 1 NRR/SPSB JUNG,I 1 1 D

NUDOCS-ABSTRACT 1 1 OGC/HDS3 1 0 EXTERNAL: NOAC 1 1 NRC PDR 1 1 U

sect~ms NOTE TO ALL "RIDS" RECIPIENTS:

PLEASE HELP US TO REDUCE WASTE.TO HAVE YOUR NAME OR ORGANIZATION REMOVED FROM DISTRIBUTION LISTS OR REDUCE THE NUMBER OF COPIES RECEIVED BY YOU OR YOUR ORGANIZATION, CONTACT THE DOCUMENT CONTROL DESK (DCD) ON EXTENSION 415" 2083 TOTAL NUMBER OF COPIES REQUIRED: LTTR 16 ENCL 15

b 0 Florida Power & Light Company. P. 0. Box 74000, Juno Beach, FL33408-0420 HAR 12 1999 L-99-67 10 CFR 50.75 (f)(1)

U.S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555 RE: St. Lucie Units 1 and 2 Docket Nos. 50-335 and 50-389 Turkey Point Units 3 and 4 Docket Nos. 50-250 and 50-251 Decommissionin Fund Status Re orts Pursuant to 10 CFR 50.75(f)(1), attached is the Florida Power and Light Company (FPL)

Decommissioning Fund Status Reports for St. Lucie Units 1 and 2 and Turkey Point Units 3 and 4.

FPL is the sole owner of Turkey Point Units 3 and 4 and St. Lucie Unit 1. St. Lucie Unit 2 is owned by FPL, Florida Municipal Power Agency, and the Orlando Utilities Commission. The Report for St. Lucie Unit 2 provides the status of decommissioning funds for all three owners of that unit.

Should there be any questions, please contact us.

Very truly yours,

<pa - 5 R. John Gianfrancesco, Jr.

Manager Administrative Support and Sp'ecial Projects Attachment 1 St. Lucie Unit 1 Decommissioning Fund Status Report Attachment 2- St. Lucie Unit 2 Decommissioning Fund Status Report Attachment Attachment 3- Turkey Point Unit 3 Decommissioning Fund Status Report 4- Turkey Point Unit 4 Decommissioning Fund Status Report '~'l cc: Regional Administrator, Region II, USNRC Senior Resident Inspector, USNRC, Turkey Point Plant (w/o)

Senior Resident Inspector, USNRC, St. Lucie Plant (w/o) 99032602kb 9'70392 W PDR ,ADOCK 05000250 I PDR.~

an FPL Group company

l Attachment 1 DECOMMISSIONING FUND STATUS REPORT St. Lucie Unit No. 1 Florida Power and Light Company (FPL) hereby submits this Decommissioning Fund Status Report in compliance with 10 CFR 50.75 (f)(1).

1. FPL is the sole owner of St. Lucie Unit No. 1.

2. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c) is $ 274,315,776.

3. The amount of decommissioning funds accumulated as of December 31, 1998 is

$ 276,584,751. The accumulated fund amount is net of estimated amounts for extended storage of spent nuclear fuel.

4. Schedule of Future Annual Contributions (Net of Estimated Amounts for Extended Storage of Spent Nuclear Fuel).

$ 19,706,774 to the Qualified Decommissioning Trust annually through 2015

$ 1,021,296 to the Non-Qualified Decommissioning Trust annually through 2015

5. The assumed earnings rate approved in Florida Public Service Commission (FPSC) Order 1531 on December 12, 1995 is 4.9%. The assumed escalation rate approved in the same Order is 5.9%. The decommissioning accruais approved in Order 1531 are in effect for calendar years 1995 through 1999.

6. FPL does not rely upon contracts as defined by 10 CFR 50.75 (e)(1)(v).

7. There have been no changes to the method of financial assurance since the last submitted report. FPL continues to utilize an external sinking fund into which deposits are made at least annually.

8. There have been no material changes to the external sinking fund trust agreements established by FPL.

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Attachment 2 DECOMMISSIONING FUND STATUS REPORT St. Lucie Unit No. 2 Florida Power and Light Company (FPL), Florida Municipal Power Agency (FMPA), and Orlando Utilities Commission (OUC), (the Participants) hereby submit this Decommissioning Fund Status Report in compliance with 10 CFR 50.75 (f)(1).

1. The Participants own the following undivided interests in St. Lucie Unit No. 2.

FPL 85.10449%

FMPA 8.80600%

OUC 6.08951%

Total 1 00.00000%

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2. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c) are indicated below.

FPL $ 233,731,031 85.2051 0%

FMPA 23,933,084 8.74652%

OUC 16 591 661 6.04838%

Total 6274,315,776 100 00000 7'n adjustment was necessary to allocate the decommissioning costs of Unit 2 among the participants. This is because the decommissioning costs of Unit 2 include the costs of decommissioning facilities common to both St. Lucie Units 1 and 2. The participation agreements provide that with respect to the common facility costs, FMPA and OUC pay only their ownership share of Unit 2 times one half of these costs. Therefore, multiplying FMPA's and OUC's respective ownership shares of Unit 2 by the total cost of decommissioning would overstate their cost obligations. This adjustment is reflected in the "St. Lucie Unit 2 FPL Ownership Percentage" presented on page 39 of FPL's 1994 Decommissioning Study for St. Lucie Units 1 and 2 (Florida Public Service Commission (FPSC) Docket No. 941350-EI).

3. The amount of decommissioning funds accumulated by the Participants as of December 31, 1998 are:

FPL $ 216,824,500 FMPA $ 11,699,068 OUC 11 171 285

$ 239,694,853 FPL's accumulated fund amount is net of estimated amounts for the extended storage of spent nuclear fuel.

Attachment 2 DECOMMISSIONING FUND STATUS REPORT St. Lucie Unit No. 2

4. Schedule of Future Annual Contributions FPL (Net of Estimated Amounts for Extended Storage of Spent Nuclear Fuel)

$ 15,727,726 to the Qualified Decommissioning Trust annually through 2022

$ 3,692 to the Non-Qualified Decommissioning Trust annually through 2022 FMPA

$ 400,000 contribution in 1999

$ 592,000 annual contribution for 2000 through 201 9 OUC

$ 1,590,000 annual contribution through 2022

5. For FPL, the assumed earnings rate approved in FPSC Order 1531 on December 12, 1995 is 4.9%. The assumed escalation rate approved in the same Order is 5.7%. The FPL decommissioning accruals approved in Order 1531 are in effect for calendar years 1995 through 1999.

FMPA's contribution to their decommissioning fund is based upon an, assumed earnings rate of 6.0% and an assumed escalation rate of 4.0%.

OUC's contribution to their decommissioning fund is based upon an assumed earnings rate of 5.5% and an assumed escalation rate of 5.7%.

6. None of the Participants rely upon contracts as defined by 10 CFR 50.75 (e)(1)(v).

7. There have been no changes to the method of financial assurance since the last submitted report. The Participants continue to utilize external sinking funds into which deposits are made at least annually.

8. There have been no material changes to the external sinking fund trust agreements established by the Participants.

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V Attachment 3 DECOMMISSIONING FUND STATUS REPORT Turkey Point Unit No. 3 Florida Power and Light Company (FPL) hereby submits this Decommissioning Fund Status Report in compliance with 10 CFR 50.75 (f)(1).

1." FPL is the sole owner of Turkey, Point Unit No. 3.

2. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c) is $ 264,538,624.

3. The amount of decommissioning funds accumulated as of December 31, 1998 is

$ 227,440,714. The accumulated fund amount is net of estimated amounts for extended storage of spent nuclear fuel.

4. Schedule of Future Annual Contributions (Net of Estimated Amounts for Exte'nded Storage of Spent Nuclear Fuel). I

$ 12,201,011 to the Qualified Decommissioning Trust annually through 2011

$ 1,407,383 to the Non-Qualified Decommissioning Trust annually through 2011

5. The assumed earnings rate approved in Florida Public Service Commission (FPSC) Order 1531 on December 12, 1995 is 4.9%. The assumed escalation rate approved in the same Order is 5.7%. The decommissioning accruals approved in Order 1531 are in effect for calendar years 1995 through 1999.

6. FPL does not rely upon contracts as defined by 10 CFR 50.75 (e)(1)(v).

7. There have been no changes to the method of financial assurance since the last submitted report. FPL continues to utilize an external sinking fund into which deposits are made at least annually.

8. There have been no material changes to the external sinking fund trust agreements established by FPL.

.0 ~ ~ c Attachment 4 DECOMMISSIONING FUND STATUS REPORT Turkey Point Unit No. 4 Florida Power and Light Company (FPL) FPL hereby submits this Decommissioning Fund Status Report in compliance with 10 CFR 50.75 (f)(1).

FPL is the sole owner of Turkey Point Unit No. 4.

2. The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c) is $ 264,538,624.

3. The amount of decommissioning funds accumulated as of December 31, 1998 is

$ 250,870,609. The accumulated fund amount is net of estimated amounts for extended storage of spent nuclear fuel.

4. Schedule of Future Annual Contributions (Net of Estimated Amounts for Extended Storage of Spent Nuclear Fuel).

$ 15,732,451 to the Qualified Decommissioning Trust annually through 2012

$ 1,825,050 to the Non-Qualified Decommissioning Trust annually through 2012

5. The assumed earnings rate approved in Florida Public Service Commission (FPSC) Order 1531 on December 12, 1995 is 4.9%. The assumed escalation rate approved in the same Order is 5.6%. The decommissioning accruals approved in Order 1531 'are in effect for calendar years 1995 through 1999.

6. FPL does not rely upon contracts as defined by 10 CFR 50.75 (e)(1)(v).

7. There have been no changes to the method of financial assurance. FPL continues to utilize an external sinking fund into which deposits are made at least annually.

8. There have been no material changes to the external sinking fund trust agreements established by FPL.

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