ML20205D747

Forwards Biennial Rept on Status of Decommissioning Funding, IAW 10CFR50.75(f)(1)

ML20205D747
Person / Time
Site:	Calvert Cliffs
Issue date:	03/30/1999
From:	Cruse C BALTIMORE GAS & ELECTRIC CO.
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NUDOCS 9904020293
Download: ML20205D747 (3)

Text

M CHACLES II. CRUSE Baltimore Gas and Electric Company V ce President Calvert Cliffs Nuclear Power Plant Nuclear Energy 1650 Calvert Cliff 3 Paikway Lusby, Maryland 20657 410 495-4455 March 30,1999 U. S. Nuclear Regulatory Commission Washington, DC 20555 ATTENTION: Document Control Desk

SUBJECT:

Calvert Cliffs Nuclear Power Plant Unit Nos.1 & 2; Docket Nos. 50-317 & 50-318 Biennial Reoort on the Status of Decommissioning Funding 10 CFR 50.75(fV1)

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This letter forwards our initial response to the routine report required by 10 CFR 50.75(f)(1). The report is due March 31, 1999, and at least once every two years thereafter. The required information is provided in Attachment (1).

St.ould you have questions regarding this matter, we will be pleased to discuss them with you.

Very truly yours, for C. II. Cruse \{

Vice President - Nuclear Energy CHC/JMO/bjd

Attachment:

(1) 1999 Decomm!ssioning Funding Status Report

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, ATTACHMENT (1) l l

1999 DECOMMISSIONING FUNDING STATUS REPORT Baltimore Gas and Electric Company Calvert Cliffs Nuclear Power Plant March 30,1999

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ATTACIIMENT (1) l l

1999 DECOMMISSIONING FUNDING STATUS REPORT As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the Nuclear Regulatory Commission on a calendar year basis, beginning on March 31,1999, and every two years thereafter, on the status of its decommissioning funding for each reactor it owns. The required information follows:

Unit 1 Unit 2 Total'

($ 000's) ($ 000's) ($ 000's)

1. The minimum decommissioning fund estimate' as of $241,923 $322,453 $564,376 December 31,1998, pursuant to 10 CFR 50.75 (b) and (c)

2. The amount accumulated as of December 31,1998 in the $80,097 $97,293 $ 177,390 l

exte'nal decommissioning trust pursuant to 10 CFR 50.75(b) and (c)

3. Schedule of the annual amounts remaining to be collected $6,887 $9,730 $16,617 (Actual amounts being deposited to the trust as approved by Maryland Public Service Commission in 1995, and Internal Revenue Service in 1996.)

Remaining number of years to make deposits 16 years 18 years N/A

4. Assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections i Annual decommissioning cost escalation' 5.0% 5.0% 5.0% )

Annual after-tax rate of earnings on decommissioning 7.5% 7.5% 7.5%

2 funds Frequency of contribution to the decommissioning trust Quarterly Quarte !y Quarterly

5. Any contracts upon which Baltimore Gas and Electric None None None Company is relying pursuant to 10 CFR 50.75 (e)(1)(ii)(c)

6. Any modifications to a licensee's current method of N/A N/A None providing financial assurance since the last submitted report

7. Any material changes to trust agreements N/A N/A None' Represents decommissioning costs to be incurred by Baltimore Gas and Electric Company to remove Calvert Cliffs Nuclear Power Plant safely from service and reduce residual radioactivity to levels that permit release of the property for unrestricted use and termination of the license. The cost of dismantling non-radioactive systems and structures is not included in this estimate, nor is the cost of managing and storing spent fuel on the site until transfer to the Department of Energy.

Site specific study, cost escalation, and assumed after-tax eamings approved by the Maryland Public Service Commission in October 1995. Costs escalated in accordance with Section 1.5.1 of Regulatory Guide 1.159 f,om 1995 through 1998.

Since originally filed with the Commission in 1990, the trust agreement has been amended and restated.

Changes reflected in the trust agreement are not material. A copy of the restated trust agreement is available upon request.

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