ML20195B238
| ML20195B238 | |
| Person / Time | |
|---|---|
| Site: | Susquehanna  |
| Issue date: | 03/31/1999 |
| From: | ALLEGHENY ELECTRIC COOPERATIVE, INC. |
| To: | |
| Shared Package | |
| ML20195B223 | List: |
| References | |
| NUDOCS 9905280192 | |
| Download: ML20195B238 (7) | |
Text
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ATTACHMENT 2 ALLEGHENY ELECTRIC COOPERATIVE, INC.
DECOMMISSIONING STATUS REPORT REDACTED VERSION FOR 2.790 REQUEST l
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9905280192 990520 PDR ADOCK 05000387 I
PDR I'-
ALLEGHENY ELECTRIC COOPERATIVE, INC.
DECOMMISSIONING STATUS REPORT FOR UNIT 1 AND UNIT 2 OF THE SUSOUEHANNA STEAM ELECTRIC STATION Date: March 31,1999 1
i Allegheny Electric Cooperative, Inc. (Allegheny) hereby submits this Decommissioning Status Report in compliance with 10 C.F.R. 50.75(f)(1) relative to Allegheny's ten percent (10%) undivided ownership interest in the Susquehanna Steam Electric Staticn (Docket Nos. 50-387 and 50-388) located in Luzerne County, Pennsylvania.
- 1. UNITINFORMATION Station: Susquehanna Unit 1 Owner / licensee: Allegheny Electric Cooperative,Inc.
Percent Ownership: ten percent (10%)
Deconunissioning Section 50.75 (b) & (c) Estimate in 1998 Dollars: $36,460,000 NRC Mandated portion market value of Decommissioning Fund for Unit 1 on December 31,1998: $5,382,611 Station: Susquehanna Unit 2 Owner / licensee: Allegheny Electric Cooperative,Inc.
Percent Ownership: ten percent (10%)
Decommissioning Section 50.75 (b) & (c) Estimate in 1998 Dollars: $36,460,000 NRC Mandated portion market value of Decommissioning Fund for Unit 2 on j
December 31,1998: $5,382,611
- 2. ASSUMPTIONS The estimated decommissioning costs were escalated in accordance with 10 CFR 50.75(c)(2).
The escalation factors provided in NUREG-1307, Revision were used in calculating the minimum amount of decommissioning funds to be provided in 1998 dollars. The NRC mandated calculations are provided in Exhibit 1.
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'l Allegheny sets its own rates, subject to the approval of the United States Department of l
Agriculture, Rural Utilities Service. Allegheny believes the above assumptions are reasonable.
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- 3. ESTIMATE OF REMAINING PAYMENT SCHEDULE TO THE pECOMMISSIONING FUND Refer to Exhibit'2-for the calculation of the projected trust fund asset value and 1
proposed funding schedule for Units _1 and 2. Exhibit 2 also shows the costs and earnings considered in determining the accumulation amount. Allegheny maintains a Non-qualified Decommissioning Trust fund, which combines two accounts, Trust Account A and Trust Account B. The Trust Account B contains the NRC-Mandated portion for decommissioning Allegheny's interest in the Susquehanna Units. Allegheny plans to make a $2,500,000 ($1,250,000 for Unit 1 and $1,250,000 for Unit 2) to the NRC-Mandated portion of the fund in 1999. Beginning in 2000 the contribution amount is
- planned to be $1,316,000 and will be escalated at a six percent (6%) nominal rate thereafter.
- 4. CONTRACTS-
. Allegheny is the wholesale power supplier for the 14 rural electric cooperatives in Pennsylvania and New Jersey. Allegheny has all required contracts with its 14 member distribution cooperatives, which is the source for funding the Trust Fund.
Allegheny entered into a Decommissioning Trust Agreement with Mellon Bank, N.A.
dated' May 14, 1990, wl$ich established the Allegheny Cooperative, Inc. Nuclear Decommissioning Trust and appointing Mellon Bank as trustee. Allegheny also entered in ' an Investment Management agreement dated May 14, 1990, with National Investment Services of America, Inc. ("NISA") under which NISA has undertaken to
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provide ' investment direction to the trustee, Mellon Bank, in the acquisition and
- disposition of all ' assets of the Allegheny Electric Cooperative Inc. Nuclear 1
Decommissioning Trust. Neither agreement has been modified and no modifications to j
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the method of providing financial assurance has occurred since Allegheny's last submitted report.
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Allegheny Electric Cooperative, Inc.
Nuclear' Decommissioning Assets -
Non-qualified Trust Fund B Contributions NRC Mandated Portion -
March 31,1999 j
Year contribution 1999
$2,500,000
[
]
2000
$1,316,000 2001
$1,394,960 2002
$1,478,658 2003
$1,567,377 2004
$1,661,420 2005
$1,761,105 2006
$1,866,771 2007
$1,978,777 2008
$2,097,504 2009
$2,223,354 2010
$2,356,756 2011
$2,498,161 2012
$2,648,051 2013
$2,806,934 2014
$2,975,350 2015
$3,153,871 2016
$3,343,103 l
2017
$3,543,689 2018
$3,756,310 2019
$3,981,689 2020
$4,220,590 1
2021
$4,473,826 2022
$4,742,255 l
2023
$0 2024
$0 2025
$0 Exhibit 2 Page 1 of 2
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Allegheny Electric Cooperative, Inc.
N0 clear Decommissioning Trust Expected Contributions Year Contribution 1999
$2,500,000 2000
$1,316,000 2001
$1,394,960 2002
$1,478,658 2003
$1,567,377 2004
$1,661,420 I
2005
$1,761,105 2006
$1,866,771 2007
$1,978,777 i
2008
$2,097,504 2009
$2,223,354 2010
$2,356,756 j
2011
$2,498,161 2012
$2,648,051 2013
$2,806,934 2014
$2,975,350 2015
$3,153,871 2016
$3,343,103 2017
$3,543,689 2018
$3,756.310 2019
$3,981,689 2020
$4,220,590 2021
$4,473,826 2022
$4,742,255 2023
$0 j
2024
$0 2025
$0 i
1 Exhibit 2 Page 2 of 2