ML20205E433

Forwards First Biennial Rept of Financial Assurance for Decommissioning for Cns,Per 10CFR50.75(f)(1)

ML20205E433
Person / Time
Site:	Cooper
Issue date:	03/31/1999
From:	Swailes J NEBRASKA PUBLIC POWER DISTRICT
To:	NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM)
References
NLS990035, NUDOCS 9904050178
Download: ML20205E433 (4)

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Nebraska Public Power District Nebmska's Energy Leader

. NLS990035 March 31,1999  ;

I U.S. Nuclear Regulatory Commission Attention: Document Control Desk Washington, D.C. 20555-0001 Gentlemen:

Subject:

Decommissioning Funding Cooper Nuclear Station, NRC Docket No. 50-298, DPR-46 In accordance with 10 CFR 50.75(f)(1), Reporting and Record Keeping for Decommissioning Planning, enclosed is Nebraska Public Power District's First Biennial Report on Financial Assurance for Decommissioning for Cooper Nuclear Station. The report contains the amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75(b) and (c), the amount accumulated to the end of the calendar year preceding the date of the report, a schedule of the annual amounts remaining to be collected, the assumptions used regarding rates of escalation in decommissioning costs, and the rate of earnings on decommissioning funds.

Should you have any questions concerning this matter, please contact me.

O S' cerely, l w ,

Jt 1 Sw 1 Vic P(re ' dent f Nuclear Energy nr Enclosures cc: Regional Administrator w/ enclosures USNRC - Region IV Senior Project Manager w/ enclosures USNRC - NRR Project Directorate IV-1 Senior Resident inspector w/ enclosures g\

0 USNRC 9904050178 990331 _

PDR ADOCK 05000298 (

P PDR NPG Distribution w/o enclosures Cooper Nudear Station P.O. Box 98/ Brownville, NE 68321D098 Telephone: (402) 825-3811/ fax: (402) 825-52t1 httpf/www nppd com

Attachment to NLS990035 Page 1 of 2 NEBRASKA PUBLIC POWER DISTRICT First Biennial Renort on Financial Assurance for Decommissioning in accordance with 10 CFR 50.75m(1)

Date: March 31,1999 Station: Cooper Nuclear Station Owner / licensee making the report: Nebraska Public Power District Nebraska Public Power District (the " District") is a public corporation and political subdivision of the state of Nebraska. The District has the power and is required to fix, establish and collect adequate rates and other charges for electrical energy and any and all commodities or services sold or furnished by it. The District is accordingly authorized to establish its own rates and other charges through which it can recover its cost of service. The District is governed by an Il-member Board of Directors who are popularly elected from the District's chartered territory.

The Board of Directors is the rate making authority for the District.

Percentage Ownership: 100 10 CFR 50.75 (b) & (c) Decommissioning Estimate (1998 Dollars): $332,310,000 i

Decommissioning Fund' Total as of 12/31/98: $176,191,999 Schedule of Future Annual Funding Contributions (equal payments): $10,407,8672 Rate Assumptions)

Rates of escalation used in estimating future decommissioning costs

= 4%

' This is the total amount in the external sinking fund (as described in 10 CFR 50.75) to cover the costs of NRC-defined decommissioning.

2 nis figure will be recalculated on an annual basis in accordance with 10 CFR 50.75 (b) and (c). The above amount reflects the current projected annual contributions necessary to fully fund the decommissioning trust i by the end of the operating license (license expiration January 18,2014).

3 The District's Board of Directors has approved budgets that incorporate these assumptions as part ofits rate making process.

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Attachment to i NLS990035 Page 2 of 2 i

Rates of Earnings on Decommissioning Funds Post-tax

= External Sinking Fund Assumes 6.75%

Contracts Relied Upon to Demonstrate Decommissioning Funding Assurance i

[50.75(e)(1)(v)]: Not applicable )

Modifications to the District's Current Method of Providing Financial Assurance: None Material Changes to Decommissioning Trust Agreement: None .

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, . l ATTACHMENT 3 LIST OF NRC COMMITMENTS l Correspondence No: NLS990035 The following table identifies those actions committed to by the District in this l document. Any other actions discussed in the submittal represent intended or l planned actions by the District. They are described to the NRC for the NRC's i l information and are not regulatory commitments. Please notify the NL&S Manager at Cooper Nuclear Station of any questions regarding this document or any associated regulatory commitments. '

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COMMITTED DATE COMMITMENT OR OUTAGE None l l

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l PROCEDURE NUMBER 0.42 l REVISION NUMBER 6 l PAGE 9 OF 13 l