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Category:Decommissioning Funding Plan DKTs 30
MONTHYEARML23089A3892023-03-30030 March 2023 (Vcsns), Unit 1 - Decommissioning Funding Status Report ML23094A1112023-03-30030 March 2023 Report of Status of Decommissioning Funding ML22089A1812022-03-30030 March 2022 (VCSNS) Independent Spent Fuel Storage Installation (ISFSI) 10 CFR 72.30 Decommissioning Funding Plan ML21099A1072021-03-30030 March 2021 Report of Status of Decommissioning Funding ML19087A3262019-03-28028 March 2019 Report of Status of Decommissioning Funding ML19078A0842019-03-18018 March 2019 Report of Status of Decommissioning Funding ML19078A0882019-03-18018 March 2019 (Vcsns), Unit 1 - Independent Spent Fuel Storage Installation Decommissioning Funding Plan RC-18-0041, Report of Status of Decommissioning Funding2018-03-28028 March 2018 Report of Status of Decommissioning Funding ML17090A1122017-03-30030 March 2017 Report of Status of Decommissioning Funding ML16081A1362016-03-18018 March 2016 Independent Spent Fuel Storage Installation, Decommissioning Funding Plan RC-16-0042, Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan2016-03-15015 March 2016 Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan RC-15-0055, V.C. Summer, Report of Status of Decommissioning Funding2015-03-30030 March 2015 V.C. Summer, Report of Status of Decommissioning Funding ML15090A1972015-03-27027 March 2015 Report of Status of Decommissioning Funding ML13091A0742013-03-28028 March 2013 Report of Status of Decommissioning Funding RC-13-0051, Report of Status of Decommissioning Funding2013-03-27027 March 2013 Report of Status of Decommissioning Funding RC-11-0049, Report of Status of Decommissioning Funding2011-03-31031 March 2011 Report of Status of Decommissioning Funding ML1109001852011-03-29029 March 2011 Report of Status of Decommissioning Funding RC-09-0032, Report of Status of Decommissioning Funding2009-03-30030 March 2009 Report of Status of Decommissioning Funding ML0909103522009-03-30030 March 2009 Report of Status of Decommissioning Funding RC-07-0063, Amended Report of Status of Decommissioning Funding2007-04-24024 April 2007 Amended Report of Status of Decommissioning Funding ML0709306972007-03-30030 March 2007 Report of Status of Decommissioning Funding RC-03-0073, Report of Status of Decommissioning Funding (RR-1950)2003-03-28028 March 2003 Report of Status of Decommissioning Funding (RR-1950) 2023-03-30
[Table view] Category:40
MONTHYEARML23089A3892023-03-30030 March 2023 (Vcsns), Unit 1 - Decommissioning Funding Status Report ML23094A1112023-03-30030 March 2023 Report of Status of Decommissioning Funding ML22089A1812022-03-30030 March 2022 (VCSNS) Independent Spent Fuel Storage Installation (ISFSI) 10 CFR 72.30 Decommissioning Funding Plan ML21099A1072021-03-30030 March 2021 Report of Status of Decommissioning Funding ML19087A3262019-03-28028 March 2019 Report of Status of Decommissioning Funding ML19078A0842019-03-18018 March 2019 Report of Status of Decommissioning Funding ML19078A0882019-03-18018 March 2019 (Vcsns), Unit 1 - Independent Spent Fuel Storage Installation Decommissioning Funding Plan RC-18-0041, Report of Status of Decommissioning Funding2018-03-28028 March 2018 Report of Status of Decommissioning Funding ML17090A1122017-03-30030 March 2017 Report of Status of Decommissioning Funding ML16081A1362016-03-18018 March 2016 Independent Spent Fuel Storage Installation, Decommissioning Funding Plan RC-16-0042, Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan2016-03-15015 March 2016 Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan RC-15-0055, V.C. Summer, Report of Status of Decommissioning Funding2015-03-30030 March 2015 V.C. Summer, Report of Status of Decommissioning Funding ML15090A1972015-03-27027 March 2015 Report of Status of Decommissioning Funding ML13091A0742013-03-28028 March 2013 Report of Status of Decommissioning Funding RC-13-0051, Report of Status of Decommissioning Funding2013-03-27027 March 2013 Report of Status of Decommissioning Funding RC-11-0049, Report of Status of Decommissioning Funding2011-03-31031 March 2011 Report of Status of Decommissioning Funding ML1109001852011-03-29029 March 2011 Report of Status of Decommissioning Funding RC-09-0032, Report of Status of Decommissioning Funding2009-03-30030 March 2009 Report of Status of Decommissioning Funding ML0909103522009-03-30030 March 2009 Report of Status of Decommissioning Funding RC-07-0063, Amended Report of Status of Decommissioning Funding2007-04-24024 April 2007 Amended Report of Status of Decommissioning Funding ML0709306972007-03-30030 March 2007 Report of Status of Decommissioning Funding RC-03-0159, License Amendment Request - LAR 03-1864, Surveillance Requirement 4.0.5 & Associated Bases2003-07-29029 July 2003 License Amendment Request - LAR 03-1864, Surveillance Requirement 4.0.5 & Associated Bases RC-03-0073, Report of Status of Decommissioning Funding (RR-1950)2003-03-28028 March 2003 Report of Status of Decommissioning Funding (RR-1950) RC-02-0089, Tech Spec Amendment Request - TSP 99-0090 Spent Fuel Pool Storage Expansion - Supplemental Letter - Response to RAI Dated April 1, 20022002-05-0707 May 2002 Tech Spec Amendment Request - TSP 99-0090 Spent Fuel Pool Storage Expansion - Supplemental Letter - Response to RAI Dated April 1, 2002 2023-03-30
[Table view] Category:50
MONTHYEARML23089A3892023-03-30030 March 2023 (Vcsns), Unit 1 - Decommissioning Funding Status Report ML23094A1112023-03-30030 March 2023 Report of Status of Decommissioning Funding ML22089A1812022-03-30030 March 2022 (VCSNS) Independent Spent Fuel Storage Installation (ISFSI) 10 CFR 72.30 Decommissioning Funding Plan ML21099A1072021-03-30030 March 2021 Report of Status of Decommissioning Funding ML19087A3262019-03-28028 March 2019 Report of Status of Decommissioning Funding ML19078A0842019-03-18018 March 2019 Report of Status of Decommissioning Funding ML19078A0882019-03-18018 March 2019 (Vcsns), Unit 1 - Independent Spent Fuel Storage Installation Decommissioning Funding Plan RC-18-0041, Report of Status of Decommissioning Funding2018-03-28028 March 2018 Report of Status of Decommissioning Funding ML17090A1122017-03-30030 March 2017 Report of Status of Decommissioning Funding ML16081A1362016-03-18018 March 2016 Independent Spent Fuel Storage Installation, Decommissioning Funding Plan RC-16-0042, Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan2016-03-15015 March 2016 Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan RC-15-0055, V.C. Summer, Report of Status of Decommissioning Funding2015-03-30030 March 2015 V.C. Summer, Report of Status of Decommissioning Funding ML15090A1972015-03-27027 March 2015 Report of Status of Decommissioning Funding ML13091A0742013-03-28028 March 2013 Report of Status of Decommissioning Funding RC-13-0051, Report of Status of Decommissioning Funding2013-03-27027 March 2013 Report of Status of Decommissioning Funding RC-11-0049, Report of Status of Decommissioning Funding2011-03-31031 March 2011 Report of Status of Decommissioning Funding ML1109001852011-03-29029 March 2011 Report of Status of Decommissioning Funding RC-09-0032, Report of Status of Decommissioning Funding2009-03-30030 March 2009 Report of Status of Decommissioning Funding ML0909103522009-03-30030 March 2009 Report of Status of Decommissioning Funding RC-07-0063, Amended Report of Status of Decommissioning Funding2007-04-24024 April 2007 Amended Report of Status of Decommissioning Funding ML0709306972007-03-30030 March 2007 Report of Status of Decommissioning Funding RC-03-0073, Report of Status of Decommissioning Funding (RR-1950)2003-03-28028 March 2003 Report of Status of Decommissioning Funding (RR-1950) 2023-03-30
[Table view] Category:70
MONTHYEARML23089A3892023-03-30030 March 2023 (Vcsns), Unit 1 - Decommissioning Funding Status Report ML23094A1112023-03-30030 March 2023 Report of Status of Decommissioning Funding ML22089A1812022-03-30030 March 2022 (VCSNS) Independent Spent Fuel Storage Installation (ISFSI) 10 CFR 72.30 Decommissioning Funding Plan ML21099A1072021-03-30030 March 2021 Report of Status of Decommissioning Funding ML19087A3262019-03-28028 March 2019 Report of Status of Decommissioning Funding ML19078A0842019-03-18018 March 2019 Report of Status of Decommissioning Funding ML19078A0882019-03-18018 March 2019 (Vcsns), Unit 1 - Independent Spent Fuel Storage Installation Decommissioning Funding Plan RC-18-0041, Report of Status of Decommissioning Funding2018-03-28028 March 2018 Report of Status of Decommissioning Funding ML17090A1122017-03-30030 March 2017 Report of Status of Decommissioning Funding ML16081A1362016-03-18018 March 2016 Independent Spent Fuel Storage Installation, Decommissioning Funding Plan RC-16-0042, Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan2016-03-15015 March 2016 Independent Spent Fuel Storage Installations (Isfsis), Decommissioning Funding Plan RC-15-0055, V.C. Summer, Report of Status of Decommissioning Funding2015-03-30030 March 2015 V.C. Summer, Report of Status of Decommissioning Funding ML15090A1972015-03-27027 March 2015 Report of Status of Decommissioning Funding ML13091A0742013-03-28028 March 2013 Report of Status of Decommissioning Funding RC-13-0051, Report of Status of Decommissioning Funding2013-03-27027 March 2013 Report of Status of Decommissioning Funding RC-11-0049, Report of Status of Decommissioning Funding2011-03-31031 March 2011 Report of Status of Decommissioning Funding ML1109001852011-03-29029 March 2011 Report of Status of Decommissioning Funding RC-09-0032, Report of Status of Decommissioning Funding2009-03-30030 March 2009 Report of Status of Decommissioning Funding ML0909103522009-03-30030 March 2009 Report of Status of Decommissioning Funding RC-07-0063, Amended Report of Status of Decommissioning Funding2007-04-24024 April 2007 Amended Report of Status of Decommissioning Funding ML0709306972007-03-30030 March 2007 Report of Status of Decommissioning Funding RC-03-0159, License Amendment Request - LAR 03-1864, Surveillance Requirement 4.0.5 & Associated Bases2003-07-29029 July 2003 License Amendment Request - LAR 03-1864, Surveillance Requirement 4.0.5 & Associated Bases RC-03-0073, Report of Status of Decommissioning Funding (RR-1950)2003-03-28028 March 2003 Report of Status of Decommissioning Funding (RR-1950) RC-02-0089, Tech Spec Amendment Request - TSP 99-0090 Spent Fuel Pool Storage Expansion - Supplemental Letter - Response to RAI Dated April 1, 20022002-05-0707 May 2002 Tech Spec Amendment Request - TSP 99-0090 Spent Fuel Pool Storage Expansion - Supplemental Letter - Response to RAI Dated April 1, 2002 2023-03-30
[Table view] Category:Letter
MONTHYEARML24038A0322024-02-0707 February 2024 (Vcsns), Unit 1, 10 CFR 21 Report - Emergency Diesel Generator Flash Contactor Relay IR 05000395/20230042024-01-31031 January 2024 Integrated Inspection Report 05000395/2023004 ML24022A1582024-01-22022 January 2024 (Vcsns), Unit 1 - Reply to a Notice of Violation: EA-23-093 ML24022A1202024-01-22022 January 2024 Notification of Target Set Inspection and Request for Information (NRC Inspection Report 05000395/2024403) ML24018A0112024-01-18018 January 2024 CFR 21 Report Emergency Diesel Generator Fuel Oil Piping IR 05000395/20240112024-01-17017 January 2024 Notification of VC Summer Station Comprehensive Engineering Team Inspection - U.S. Nuclear Regulatory Commission Inspection Report 05000395/2024011 ML23361A1042023-12-21021 December 2023 Inservice Testing Program for Pumps and Valves Fifth Interval Update and Associated Relief and Alternative Requests IR 05000395/20230912023-12-21021 December 2023 Final Significance Determination of a White Finding and Notice of Violation and Assessment Followup Letternrc Inspection Report 05000395/2023091 ML23354A1802023-12-20020 December 2023 301 Examination Report with Cover Letter ML23347A0492023-12-12012 December 2023 Technical Specification Bases Changes Updated Through November 2023 ML23334A2462023-11-30030 November 2023 Request for Exemption from Enhanced Weapons, Firearms Background Checks, and Security Event Notifications Implementation ML23334A2372023-11-30030 November 2023 (Vvsns), Unit 1 - Annual Commitment Change Summary Report ML23332A1942023-11-28028 November 2023 (Vcsns), Unit 1, Correction of Typographical Error in License Amendment Request - Inverter Allowed Outage Time (AOT) Extension ML23317A2242023-11-0909 November 2023 (Vcsns), Unit 1 - License Amendment Request - Inverter Allowed Outage Time (AOT) Extension ML23289A1172023-11-0303 November 2023 Tribal Request for Scoping Comments Concerning the Environmental Review of the V.C. Summer SLRA ML23289A1152023-11-0303 November 2023 Ltr to R. Nelson - Request for Scoping Comments Concerning the Environmental Review of the V.C. Summer SLRA ML23289A1162023-11-0303 November 2023 Ltr to W. Emerson - Request for Scoping Comments Concerning the Environmental Review of the V.C. Summer SLRA IR 05000395/20234032023-11-0101 November 2023 Material Control and Accounting Program Inspection Report 05000395/2023403 Cover IR 05000395/20230032023-11-0101 November 2023 Integrated Inspection Report 05000395/2023003 ML23284A1792023-10-16016 October 2023 Subsequent License Renewal Application Online Reference Portal ML23275A0142023-10-11011 October 2023 SLRA - Acceptance and Opportunity for Hearing - Letter ML23284A1662023-10-10010 October 2023 (Vcsns), Unit 1 - Request for Regulatory Conference; (EA-23-093) IR 05000395/20230902023-10-0404 October 2023 NRC Inspection Report 05000395/2023090 and Preliminary Yellow Finding and Apparent Violation IR 05000395/20230112023-09-27027 September 2023 Focused Engineering Inspection Report 05000395/2023011 ML23250A3112023-09-20020 September 2023 Request to Revise Reactor Vessel Material Surveillance Capsule Withdrawal Schedules ML23244A2352023-09-18018 September 2023 Request to Use a Subsequent Edition of the ASME Code, Section XI ML23230A0012023-09-15015 September 2023 Request to Use a Provision of a Previous Edition of the ASME Boiler and Pressure Vessel Code, Section XI, for Non-Destructive Examinations ML23235A0432023-09-0505 September 2023 Receipt and Availability of the Subsequent License Renewal Application IR 05000395/20234012023-08-30030 August 2023 Security Baseline Inspection Report 05000395/2023401 ML23242A1192023-08-29029 August 2023 (Vcsns), Unit 1 - Inservice Inspection (ISI) Owner'S Activity Report (OAR) for Refueling Outage 27 ML23243B0362023-08-25025 August 2023 Request for FEMA Consultation on the Dominion Energy Proposal to Consolidate the Emergency Operations Facility for the Virgil C. Summer Nuclear Station Unit 1 IR 05000395/20230052023-08-23023 August 2023 Updated Inspection Plan for Virgil C. Summer Nuclear Station (Report 05000395 2023005) ML23233A1752023-08-17017 August 2023 Application for Subsequent Renewed Operating License IR 05000395/20230022023-08-14014 August 2023 Integrated Inspection Report - Integrated Inspection Report 05000395/2023002 and Apparent Violation IR 05000395/20230102023-08-12012 August 2023 Biennial Problem Identification and Resolution Inspection Report 05000395/2023010 ML23207A1102023-07-26026 July 2023 NRC Regulatory Issues Summary 2023-01 Preparation and Scheduling of Operator Licensing Examinations IR 05000395/20234412023-07-17017 July 2023 95001 Supplemental Inspection Report 05000395/2023441 and Follow Up Assessment Letter ML23190A0012023-07-0909 July 2023 Special Report 2023-003 Inoperable Radiation Monitoring Instrumentation Channel ML23187A5092023-07-0606 July 2023 Request for Federal Emergency Management Agency Consultation on the Dominion Energy Proposal to Consolidate the Emergency Operations Facility for the Virgil C. Summer Nuclear Station Unit 1 ML23178A1682023-06-26026 June 2023 2022 Annual Report of Emergency Core Cooling System (ECCS) Model Changes Pursuant to the Requirements of 10 CFR 50.46 ML23173A1052023-06-22022 June 2023 Special Report 2023-002 Inoperable Loose-Part Monitoring System Channel ML23163A2352023-06-12012 June 2023 Request to Use a Later Edition of the ASME Boiler and Pressure Vessel Code, Section XI, for the SPS Sixth Inservice Inspection (Isi) Intervals and VCSNS Fifth ISI Interval ML23159A2332023-06-0808 June 2023 License Amendment Request - Emergency Response Organization Augmentation Time Change, Emergency Operations Facility Relocation and Other Emergency Plan Changes ML23156A3092023-06-0505 June 2023 Requalification Program Inspection Virgil C. Summer Nuclear Station Unit 1 - 05000395/2023003 2024-02-07
[Table view] |
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~~antee cooper" March 18, 2019 Michael R. Crosby Document Control Desk Senior Vice President U. S. Nuclear Regulatory Commission Nuclear Energy Washington, D. C. 20555 (843) 761-4126 fax: (843) 761-7037
Subject:
Virgil C. Summer Nuclear Station Unit 1 mrcrosby@santeecooper.com Docket No. 50/395 Operating License No. NPF-12 Report of Status of Decommissioning Funding Ladies and Gentlemen:
The South Carolina Public Service Authority (Authority) and South Carolina Electric & Gas Company (SCE&G) have ownership interests of one-third and two-thirds, respectively, in the Virgil C. Summer Nuclear Station, Unit 1. Due to the merger of Dominion Energy, Inc. and SCANA, SCE&G is now a subsidiary of Dominion Energy. As provided in 10 CFR § 50.75 (f)(l), each power reactor licensee is required to report to the Nuclear Regulatory Commission (NRC) on a calendar year basis, beginning March 31, 1999, and every two years thereafter, the status of its decommissioning funding for each reactor or share of reactor it owns. SCE&G has advised the Authority that it will disclose the* required information relative to its two-thirds ownership share in a separate submittal.
The Authority's one-third share using the NRC formula for the m1mmum funding required for license termination is approximately $153 million as of December 31, 2018. This one-third liability is funded by payments to an external sinking fund as provided for in 10 CFR § 50.75. The escalated one-third liability for license termination costs is expected to total $316 million, stated in dollars of the year of expenditure. The market value of the external fund was approximately $131 million as of December 31, 2018. (Please see Attachment 1.)
A site-specific decommissioning study completed in 2016 identified the total decommissioning costs for the site. Total site decommissioning includes license termination, spent fuel management and site restoration.
The total costs identified by the study are in excess of NRC formula for minimum funding requirements.
Further, as the result of a 2006 settlement with the Department of Energy (DOE), the Authority expects to receive reimbursement for spent fuel management costs incurred that would have been avoided had the DOE
. met its contractual obligation to store spent fuel. The one-third liability in excess of the NRC minimum funding requirements less DOE reimbursements is estimated by the Authority to be approximately $182 million as of December 31, 2018. The escalated one-third liability is expected to be approximately $1.769 billion, stated in dollars of the year of expenditure. The market value of the Authority's internal fund, designated for spent fuel management and site restoration, was approximately $78 million as of December 31, 2018. (Please see Attachment 1.)
If there are any questions concerning this report, please contact me at (843) 761-4126.
s* er~ly, /j~~
'11.!:t-~ii.
chael R. ros y Senior Vice President Nuclear Energy MRC:trw Attachment cc: Catherine Haney Shawn A. Williams NRC Resident Inspector One Riverwood Drive I Moncks Corner, SC 29461-2901 I (843) 761-8000 I P.O. Box 2946101 I Moncks Corner, SC 29461-6101
Attachment 1 l(a). The minimum decommissioning fund estimate, pursuant to 10 CFR § 50.75 (b) and (c). $153,024.947 Base Amount for PWR between 1,200 MWt and 3,400 MWt Estimated Cost (Year X) (1986 $ Base Cost) (ALx + BEx + CBx)
($100,520,000) {(.65 X 2.624) + (.13 X 2.365) + (.22 X 11.607)}
$459,074,840
- Authority's one-third share of2016 Estimated Cost= $153,024,947 Where:
A .65 10 CFR § 50.75 (c)(2)
B .13 10 CFR § 50.75 (c)(2)
C .22 10 CFR § 50.75 (c)(2)
Lx 2.624 (Computed Below)
Ex 2.365 (Computed Below)
Px 2.103 (Computed Below)
Fx 2.727 (Computed Below)
Bx 11.607 (NUREG 1307 Rev. 17) 1986 $ Base Cost ($75,000,000 + .0088Pmillion)
($75,000,000 + 25,520,000)
$100,520,000 p 2,900MWt Lx Base Lx (Dec 2005) x ECI(Qtr 4 2018) / 100 1.98 X 132.5 / 100 2.624 December 2018 Value/ January 1986 Value 240.2 I 114.2 2.103 December 2018 Value/ January 1986 Value 223.6 I 82.0 2.727
{(.58Px) + (.42Fx)}
{(.58 X 2.103) + (.42 X 2.727)}
(1.220 + 1.145) 2.365 Fourth Quarter 2018 / December 2018 values in the following Bureau of Labor Statistics indices were used to compute NRC minimum requirements:
Employment Cost Index -Total compensation, private industry, South region SeriesID: CIU2010000000220I Producer Price Index - Commodities (Industrial electric power)
SeriesID: wpu0543 Producer Price Index - Commodities (Light fuel oils)
SeriesID: wpu0573 1 of4
Attachment 1 l(b). Escalation of the Authority's one-third share of the minimum funding requirement through the end of decommissioning.
Cost categories Labor, Equipment & Materials, Burial, and Other were estimated in a site-specific decommissioning study. These costs were escalated through the end of the decommissioning period based on various indices and estimates. Ultimate decommissioning costs to be funded from the external trust are estimated at $315,828,342 in escalated dollars.
- 2. Market value of the external trust fund at December 31, 2018 for items included in 10 CFR § 50.75. $130,713.506
- 3. Schedule of annual amounts remaining to be collected for items in 10 CFR § 50.75.
2018 Dollars Beginning (?ecommissioning ; Annual Ending Real Rates Year Balance Expenditures Deposits Earninas Balance of Return 2019 130,713,506 0 1,151,433 131,864,939 0.0088 2020 131,864,939 115,260 1,146,632 133,126,831 0.0087 2021 133,126,831 115,260 1,163,657 134,405,748 0.0087 2022 134,405,748 115,260 1,086,344 135,607,351 0.0081 2023 135,607,351 115,260 1,083,797 136,806,408 0.0080 2024 136,806,408 115,260 1,016,705 137,938,373 0.0074 2025 137,938,373 115,260 994,358 139,047,991 0.0072 2026 139,047,991 115,260 1,006,760 140,170,011 0.0072 2027 140,170,011 115,260 985,280 141,270,551 0.0070 2028 141,270,551 115,260 894,903 142,280,714 0.0063 2029 142,280,714 115,260 901,302 143,297,275 0.0063 2030 143,297,275 115,260 907,741 144,320,276 0.0063 2031 144,320,276 115,260 899,790 145,335,326 0.0062 2032 145,335,326 115,260 906,118 146,356,704 0.0062 2033 146,356,704 115,260 912,486 147,384,450 0.0062 2034 147,384,450 115,260 918,894 148,418,604 0.0062 2035 148,418, 604 115,260 910,499 149,444,363 0.0061 2036 149,444,363 115,260 916,792 150,476,415 0.0061 2037 150,476,415 115,260 923,123 151,514,799 0.0061 2038 151,514,799 115,260 914,342 152,544,401 0.0060 2039 152,544,401 115,260 920,555 153,580,216 0.0060 2040 153,580,216 115,260 926,806 154,622,282 0.0060 2041 154,622,282 115,260 917,633 155,655,175 0.0059 2042 155,655, 175 9,108,627 869,706 147,416,254 0.0059 2043 147,416,254 21,860,707 745,131 126,300,677 ' 0.0059 2044 126,300,677 21,860,707 619,817 105,059,787 0.0059 2045 105,059,787 21,860,707 485,439 83,684,520 0.0058 2046 83,684,520 21,860,707 360,722 62,184,534 0.0058 2047 62,184,534 21,860,707 235,276 40,559,104 0.0058 2048 40,559,104 21,860,707 107,229 18,805,626 0.0057 2049 18,805,626 12,752,078 34,715 6,088,263 0.0057 Total 130,713,506 153,024,947 2,535,720 25,863,984 6,088,263 2 of4
Attachment 1
- 4. The assumptions used regarding escalation fo decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections follow:
- The previous schedule of annual amounts remaining to be collected is based on a DECON method of decommissioning. In contrast, the Authority currently intends to utilize a SAFSTOR method of decommissioning.
- Costs are escalated by four categories identified in the 2016 site-specific study using the following rates: labor (2.7%), equipment and materials (1.2%), waste burial (3.8%) and other (2.8%). These rates were proposed in an internal memorandum and approved on March 27, 2017 by the Senior Vice President of Nuclear Energy and represent the Authority's best estimate of future cost increases. The schedule below shows weighted average escalation rates reflecting the above cost categories weighted by individual category costs over the sum of the four categories.
- LLW will be disposed of using a combination of compact-affiliated and non-compact disposal facilities.
- The trust fund accrues earnings in accordance with estimated effective yield (approximately 3.3% as shown below). The Authority's Board of Directors approves all customer rates. As the rate-regulatory authority, the Board adopted on March 22, 1999 a resolution containing the following language: "Upon recommendation of management, the Board of Directors authorizes the use of the effective yield of the trust portfolio for purposes of determining future decommissioning funding needs." -
A B ( A- B)
- Projected Weighted Average Year Earnina Rates Escalation: Rates
- Real Rates of Return 2019 0.0350 0.0262 0.0088 2020 0.0349 0.0262 0.0087 2021 0.0349 0.0262 0.0087 2022 0.0344 0.0263 0.0081 2023 0.0343 0.0263 0.0080 2024 0.0337 0.0263 0.0074 2025 0.0336 0.0264 0.0072 2026 0.0336 0.0264 0.0072 2027 0.0334 0.0264 0.0070 2028 0.0328 0.0265 0.0063 2029 0.0328 0.0265 0.0063 2030 0.0328 0.0265 0.0063 2031 0.0328 0.0266 0.0062 2032 0.0328 0.0266 0.0062 2033 0.0328 0.0266 0.0062 2034 0.0328 0.0266 0.0062 2035 0.0328 0.0267 0.0061 2036 0.0328 0.0267 0.0061 2037 0.0328 0.0267 0.0061 2038 0.0328 0.0268 0.0060 2039 0.0328 0.0268 0.0060 2040 0.0328 0.0268 0.0060 2041 0.0328 0.0269 0.0059 3 of4
Attachment 1 2042 0.0328 0.0269 0.0059 2043 0.0328 0.0269 0.0059 2044 0.0328 0.0269 0.0059 2045 0.0328 0.0270 0.0058 2046 0.0328 0.0270 0.0058 2047 0.0328 0.0270 0.0058 2048 0.0328 0.0271 0.0057 2049 0.0328 0.0271 0.0057
- 5. Contracts upon which the licensee is relaying pursuant to 10 CFR § 50.75 (e) (1) (v).
None.
- 6. Modifications to the current funding assurance methods.
None.
- 7. Material changes to Trust Agreements.
None.
- 8. Authority's one-third share of the 2016 Site-Specific Study (SAFSTOR method).
Y.ear of 2018 Expenditure Do.llars Dollars NRC Minimum Funding Requirements - License Termination (radiological decommissioning costs) (1) 153,024,947 315,828,342 Excess Site-Specific Study Costs (license termination, spent fuel management and site restoration costs) Net of Estimated DOE Reimbursements (spent fuel management costs) (2) 182,408,315 1,769,018,507 2016 Site-Specific Study Costs (license termination, spent fuel management and site restoration costs) Net of Estimated DOE Reimbursements (spent fuel management costs) (2) 335,433,262 2,084,846,849 (1) Expenditure years are 2042-2049 (2) Expenditure years are 2042-2104
- 9. Market value of the internal fund at December 31, 2018 for spent fuel management and site restoration $78,355.998 4of4