ML18066A589

Northern Trust - Notice of Disbursement from Exelon Generation Company, LLC Dresden 1 Decommissioning Trusts

ML18066A589
Person / Time
Site:	Dresden
Issue date:	03/05/2018
From:	Thomas D Northern Trust Co
To:	Document Control Desk, Office of Nuclear Material Safety and Safeguards
References
Download: ML18066A589 (3)

Text

$ NORTHERN TRUST 6D---1D U.S. Nuclear Regulatory Commission ATTN: Document Control Desk

'iVashington, DC 20555-0001

Subject:

Notice of Disbursement from Exelon Generation Company, LLC Dresden 1 Decommissioning Trusts The purpose of this letter is to provide notice of the disbursement of funds from the Exelon Generation Company, LLC Dresden Unit 1 decommissioning trust funds. In accordance with the facility operating license, the Master Terms for Trust Agreements Applicable to Second Amended and Restated Qualified Nuclear Decommissioning Master Trust Agreement dated as of July 1, 2013 between Exelon Generation Consolidation, LLC and The Northern Trust Company, as Trustee and Second Amended and Restated Nonqualified Nuclear Decommissioning Master Trust Agreement dated as of July 1, 2013 among the NQF Companies identified therein and The Northern Trust Company, as Trustee (the "Master Terms") require that the Trustee provide thirty (30) days written notice to the NRC, Director of the Office of Nuclear Reactor Regulation, prior to disbursing any funds from the decommissioning trust funds to reimburse Exelon Generation Company, LLC for Decommissioning Costs. The Master Trust further provides that no reimbursements from the trust funds will be made for any costs to which the NRC Director Office of Nuclear Reactor Regulation provides written objections within the thirty (30) day review period. The NRC's regulations at 10 C.F.R. 50.75(h)(l)(iv) require notice of thirty (30) working days. To address this discrepancy, Northern Trust will not make any disbursements from the funds until after thirty (30) working days from the date of this written notice to the NRC. Furthermore, Northern Trust will not make any disbursements for any Decommissioning Costs to which the NRC objects within the 30 working day period. Barring any objection from the NRC, Northern Trust will make the disbursements noted below for Decommissioning Costs.

The transfer of funds will reimburse Exelon Generation Company, LLC (EGC) for

$32,948,896.02 in Decommissioning Costs incurred from 2006 through 2016 for Dresden Unit 1.

Year Decommissioning Costs 2006 7,905.60 2007 2,805,802.45 2008 2,707,846.08 2009 4,634,343.04 2010 2,647,407.56 2011 2,454,894.78 2012 2,809,678.70 2013 4,405,966.93 2014 5,141,497.73 2015 2,529,657.84 2016 2,803,895.31 Total $32,948,896.02 These radiological decommissioning costs were incurred primarily in support of activities at Dresden Unit 1 to maintain this shutdown unit in a safe dormant condition. In addition to the maintenance costs, costs were incurred to complete minor demolition related activities and for decommissioning planning (primarily decommissioning cost studies).

In the absence of an objection from the NRC prior to expiration of the thirty working day period, the Northern Trust Company will process the disbursement from the Dresden Unit 1 trust funds for Decommissioning Costs in the amount of $32,948,896.02.

If you have any questions about this letter, please contact me at (312) 444-2247.

Re pectfully, u~~

Danu Thomas Vice President cc: Zahira Cruz, NRC Project Manager (via email at zahira.cruz@nrc.gov)

Marc Dapas, NRC Director NMSS (via email at marc.dapas@nrc.gov)

Doug Brown (Exelon)

Brian Andersen (Exelon)

Patrick Simpson (Exelon) (via email at patrick.simpson@exeloncorp.com)

Jeff Dunlap (Exelon) (via email at jeffrey.dunlap@exeloncorp.com)

Dano Thomas Vice President

~ Northern Trust The Northern Trust Company Direct (312) 444-2247

- 50 South La Salle Street Facsimile (312) 630-6062 Chicago, Illinois 60603 dt2@ntrs.com (312) 630-6000