ML20055G533
| ML20055G533 | |
| Person / Time | |
|---|---|
| Site: | Millstone  |
| Issue date: | 07/18/1990 |
| From: | Mroczka E NORTHEAST UTILITIES, NORTHEAST UTILITIES SERVICE CO. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| Shared Package | |
| ML20055G534 | List: |
| References | |
| NUDOCS 9007230288 | |
| Download: ML20055G533 (4) | |
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July 18,t 1990 -
Docket Nos.:
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50 336 r
50 423
.B13568 RE: 100FR50.75
' U.S/ Nuclear Regulatory Commistbn Attention: Document Control Desk Washington, DC 20555 L
' Gentlemen:
N Millstone Nuclear Power Station, Unit Nos.1,' 2, and'3 l
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D Decommissionina Financial Assurance Certification Reoort f'
The Nuclear' Regulatory. Commission's (NRC) regulations.reonire that on or.before-July 26,.
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'1990,' all production or utilization facility licensees submit to Lthe _NRC "information in the j
form of-a report as described in 10 CFR 50.75 indicating how reasonable assurance will be -
1 provided -that funds will be available to decommission the facility".1 This Decommissioning j
Financial Assurance Certification Report (Report) addresses the_ Commission's decommissioning j
nfinancing' requirements applicable to Millstone Units 1, 2,'and 3 (the Units). This report is m
submitted by. Northeast Utilities Sorvice Company (NUSCO) as agent on behalf of both the Units'
- Licensee, Northeast Nuclear Energy Company (NNECO) and the Units' co owners, which vary i
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= depending on the specific Unit in question.
Millstone Unit No.1 Millstone Unit No.1 is a Bolling Water Reactor (BWR) licensed for 2,011 MWt for which NRC h ' '
License Number DPR-21 is currently and will continue to be in effect on July 26,1990 and l"
, thereafter. - The-Connecticut Light and Power Company (CL&P) and Western Massachusetts y
Electric Company (WMECO) own 81 and 19 percent respectively of Unit No.1.
In accordance 6,
1 10 CFR Paragraph 50.33(k)(2).
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U. S. Nuclear Regulatory Commission e
- B13568/Page-2 July 18,1990 '
i with ~10 CFR 50.75(c), NUSCO certifies that, utilizing the financing methodology described below, funds in the amount of at least $163.6 million-(1990 dollars) will,be available to decommission Unit No.1.2 This figure will be annually adjusted during the licensed operating.
life of Unit No.1 by the adjustment factors defined in 10 CFR 50.75(c)(2).
The Unit No.1 Owners are accumulating decommissioning funds to address NRC financial-i assurance requirements in external sinking funds in accordance with 10 CFR 50.75(o). These i
sinking funds were established in September 1986 and conform with 10 CFR 50.75(e). A copy of the related instrument, Master Trust Agreement, Reserve Funds for Millstone 1 Nuclear Unit Decommissioning Costs, is attached hereto, in addition to the funds being placed in the external trust, CL&P, as required by its state regulatory body, is accruing a portion of the Unit's i
depreciation collections from ratepayers in an internal reserve account established solely for decommissioning, it should be noted that the $163.6 million certification amount is based
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solely on funds expected to be in the external trust.
Finally, NUSCO certifies that each Unit No.1 owner has agreed to be financially responsible for its share of Unit.No.1's decommissioning costs pursuant to the terms of the Amended and j
Restated Millstone Plant Agreement and the Acknowledgment of Financial Responsibility for Decommissioning, copies of which are attached.
Millstone Unit No. 2 Millstone Unit No. 2 is a Pressurized Water Reactor (PWR) licensed for 2,700 MWt for which 4
NRC License Number DPR 65 is currently and will continue to be in effect on July 26,1990 and thereafter. The Connecticut Light and Power Company (CL&P) and Western Massachusetts Electric Company (WMECO) own 81 and 19 percent respectively of Unit No. 2. In accordance with 10 CFR 50.75(c), NUSCO certifies that, utilizing the financing methodology described below, funds in the amount of at least $136.3 million (1990 dollars) will be available to decommission Millstone Unit No. 2.
This figure will be annually adjusted during the licensed operating life of Unit No. 2 by the adjustment factors defined in 10 CFR 50.75(c)(2).
2 The escalation factors used by NUSCO were those required by 10CFR50.75(c)tE) and were the most recent available at the time this report was prepared. The source and date for each factor is listed below.
Factor Source Dale Labor Monthly Labor Review 12/89 Energy Producer Price indexes 1/90 Waste Burial NUREG.1307, Report on Waste Burial Charges 12/88
1 4
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U. S. Nuclear Regulatory Commission B13568/Page 3 July 18,1990-The Unit No. 2 Owners are4 accumulating decommissioning funds to address NRC financial assurance requirements in external sinking funds in accordance with 10 CFR 50.75(e). These 1
sinking funds were established in September 1986 and conform with 10 CFR 50.75(e).- A copy i
- of the related instrument, Master Trust Agreement, Reserve Funds for Millstone 2 Nuclear Unit Decommissioning Costs, is attached hereto, in addition to the funds being placed in the external trust 1CL&P, as required by its state regulatory body, is accruing a portion of the Unit's depreciation collections from ratepayers.in an internal reserve account established solely for I
decommissioning. - it should be noted that the $136.3 million certification amount is based solely on funds expected to be in the external trust.
Finally, NUSCO certifies that eacli Unit No. 2 owner has agreed to be financially responsible for i
its share of Unit No; 2's decommissioning costs pursuant to the terms of the Amended and i
Restated Millstone Plant Agreement and the Acknowledgment of Financial Responsibility for Decommissioning, copies of which are attached.
Millstone Unit No. 3
- Millstone Unit No. 3 is a Pressurized Water Reactor (PWR) ilcensed for 3,411 MWt for which NRC License Number NFP 49 is currently and will continue to be in effect on July 26,1990
' and thereafter. There are fourteen (14) joint owners of Millstone Unit No. 3. The names of
- these owners are listed below, Participants.
Ownership Percentage The Connecticut Light and Power Company 52.9330%
Westem Massachusetts Electric Company 12.2385%
New England Power Company 12.2050%
Massachusetts Municipal Wholesale Electric Company 4.7990 %
Montaup Electric Company 4.0090 %
The United Illuminating Company 3.6850 %
Public Service Company of New Hampshire 2.8475 %
Central Maine Power Company 2.5000 %
Central Vermont Public Service Corporation 1.7303 %
'Chicopee Municipal Lighting Plant 1.3500 %
Connecticut-Municipal Electric Energy Cooperative 1.0870 %
. Vermont Electric Generation and Transmission 4
Cooperative, Inc, 0.3500 %
Fitchburg Gas and Electric Ught Company 0.2170 %
m Village of Lyndonville Electric Department 0.0487%
Total 100.0000%
in accordance with 10 CFR 50.75(c), NUSCO certifies that, utilizing the financing methodology l
+-
1 U. S. Nuclear Regulatory Commission -
B13568/Page 4 July 18,1990
' described below, funds in the amount of at least $144.9 million (1990 dollars) will be available to decommission Millstone Unit No. 3. This figure will be annually adjusted during the licensed operating life of Unit No. 3 by the adjustment factors defined in-10 CFR 50.75(c)(2).
The Unit No. 3 Owners are accumulating decommissioning funds to ' address NRC financial assurance requirements in external sinking funds in accordance with 10 CFR 50.75(e). "These
' sinking funds were established in April 1986 and conform with 10 CFR 50.75(e). A copy of the related instrument, Master Trust Agreement, Reserve Funds for Millstone 3 Nuclear Unit Decommissioning Costs, is attached hereto.
Finally, NUSCO certifies that each Unit No. 3 owner has agieed to be financially responsible for its share of Unit No. 3's decommissioning costs pursuant to the terms of the Millstone Unit No. 3 Sharing Agreement, a copy of which is attached.
If there are any questions regarding this submittal, please contact Mr. Bryan W. Cook at (203) 065 3718, Very truly yours, NORTHEAST UTIUTIES SERVICE COMPANY E.J.Mr ka Senior Vice President cc:
T. T. Martin, Region 1 Administrator M. L. Boyle, NRC Project Manager, Millstone Unit No.1 G. S. Vissing. NRC Project Manager, Millstone Unit No. 2 D. H. Jaffe, NRC Project Manager, Millstone Unit No. 3 W. J. Raymond, Senior Resident inspector, Millstone Unit Nos.1,2 and 3
.