ML20204F829

Forwards Annual Rept on Status of Decommissioning Funding for La Crosse Boiling Water Reactor,Iaw 10CFR50.75(f)(1)

ML20204F829
Person / Time
Site:	La Crosse File:Dairyland Power Cooperative icon.png
Issue date:	03/09/1999
From:	Berg W DAIRYLAND POWER COOPERATIVE
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
LAC-13675, NUDOCS 9903250380
Download: ML20204F829 (3)

Text

O i

D DAIRYLAND l

! COOPERATIVE

• 3200 EAST AVE. SO.

• P.O. BOX 817

• LA CROSSE, WISCONSIN 54602-0817

' # OFRCE (608)7871258 WILLIAM L. BERG FAX (608)7871469 l PrGsident and CEO March 9,1999 WEB SITE: www.dairynet.com In reply, please l refer to LAC-13675 DOCKET NO. 50-409 I

Document Control Desk U. S. Nuclear Regulatory Commission Washington, DC 20555

SUBJECT:

Dairyland Power Ccoperative La Crosse Boiling Water Reactor (LACBWR)

Possession-Only License No. DPP-45 Annual Report on the Status of Decommissioning Fund;'ig i

REFERENCFS: (1) 10 CFR 50.75(f)(1)

In accordance with Reference 1, we are submitting our annual report on the status of decommissioning funding for the La Crosse Boiling Water Reactor.

If there are any questions concerning this report, please contact us.

Sincerely, DAIRYLAND POWER COOPERATIVE (A) W $

William L. Berg, President & CEO WLB:MNJ:dh Enclosures lO cc/ enc: Paul W. Harris, NRC Project Manager James E. Dyer, NRC Region III Administrator David Nelson, Decommissioning Branch, NRC Region III

\

g . t- A i '.1 3 D

9903250300 990309  %

PDR ADOCK 05000409  ?

H PDR g A Touchstone Energy' Partner N d(

I

f .

94#8 STATUS REPORT

, .1 Decommissioning Funding for the l La Crosse Boiling Water Reactor l

l I

l l (1) The amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c) is:

$98,700,000 in 1998 dollars l

l (2) The amount accumulated to the end of the calendar year preceding the date of this report is:

$66,875,352.68 l

l (3) The schedule of the annual amounts remaining to be collected is $2.2 million per year through the year 2010.

l l

l (4) The assumptions used regarding rates of escalation in decommissioning costs, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

. Decommissioning cost updated every 5 years.

. Funding accomplished by 2010.

• Decommissioning starts in 2019 year project.

. La Crosse Boiling Water Reactor placed in SAFSTOR status 5/1/87.

. Fuel removed by 2022.

• Projected decommissioning c P. in 1998 dollars: $98,700,000

. Decon escalation rate: 4.0%

. LLRW escalation rate: 6.0%

i ,

.s 1 l ',

y-

. Earnings projections 4 -

J .= EquityInvestments 8% i

= Fixed Income Investments 6% i 1

e Investment asset allocations

= Equity Investments.40%

= Fixed income investments 04%

in 1999, an evaluation of a 50/50 asset allocation strategy will be considered by the Dairyland Boarfs investment Committee.

• Past earnings performance has exceeded projections.

l 1

(5) There are no contracts upon which Dairyland Power Cooperative is relying pursuant to paragraph (e)(1)(v) of 10 CFR 50.75.

l l

l (6) This is the first report of this type; therefore, there are no modifications since the i last submitted report.

Dalryland funds the Nuclear Decommissioning Trust on an annual basis, based upon projected decommissioning cost, earnings projections, investment asset ,

allocations, and past eamings performance.  ;

1 (7) There have been no changes to Dairyland's trust agreement.

l l

I 1

o I

~