ML20205H138
| ML20205H138 | |
| Person / Time | |
|---|---|
| Site: | Hatch  |
| Issue date: | 03/22/1999 |
| From: | Ratcliff D GEORGIA POWER CO. |
| To: | Hoyle J NRC OFFICE OF THE SECRETARY (SECY) |
| Shared Package | |
| ML20205H137 | List: |
| References | |
| NUDOCS 9904080078 | |
| Download: ML20205H138 (4) | |
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David M.Ratcliffe Bin 10240 Executive Mce Pressent, 241 Ralph McGill Boulevard NE Treasurer and Atlanta. Georgia 30308-3374 Chief Finaicia10fficer.
Tel 404.506 7989 Fax 400506.2980 March 22, 1999 GEORGIA POWER l
Docket Nos.
50-321 m_
50-366 Mr. John C.11oyle, Secretary U. S. Nuclear Regulatory Commission j
ATfN: Rulemakings and Adjudication's Staff J
Washington, D. C. 20555-0001 Edwin I. liatch Nuclear Plant
" Financial Assurance Requirements for Decommissioning Nuclear Pcwer Reactors" (63 FR 50465 dated September 22,1998) i
Dear Ladies and Gentlemen:
As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC, i
on a calendar year basis, beginning on March 31,1999, and every 2 years thereafter, on the status ofits decommissioning funding for each reactor or part of reactor it owns.
Georgia Power Company (GPC), hereby submits the information for operating licenses DPR-7 and NPF-5 as requested in accordance with 10 CFR 50.75(f)(1) for tb Edwin 1.11atch Nuclear Plant. It is recognized by GPC that Southern Nuclear Operating Company (Southern Nuclear) will be providing this information to the NRC along with the other Co-Owner submittals.
Altnough Southern Nuclear holds the operating license, GPC is one of the licensed owners of Plant 11atch, units 1 & 2, owning 50.1% of the facility.
Based on the information presented herein, there is reasonable assurance that the GPC ownership prorated amount of the NRC
- scribed minimum will be available to decommission Plant 11atch units 1 & 2 on the current expiration date of each unit's operating license as set forth in 10 CFR 50.75(c).
Should you have any questions concerning this matter, please call me.
Respectft I
- mitted, D. M. Ratcl DMR/JDB Enclosure 9904000078 990330 7 PDR ADOCK 05000321)
I PDR s w
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U. S. Nuclear Regulatory Commission Page Two Southern Nuclear Operating Company ec:
Mr.11. L. Sumner - Plant 11atch U. S. Nuclear Regulatory Commission, Washington, DC Mr. L. N. Olshan, Project Manager - 11atch U. S Nuclear Regulatory Commission, Region 11 Mr. L. A. Reyes, Regional Administrator Mr. J. T. Munday, Senior Resident inspector - liatch I
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a Enclosure Edwin I. Hatch Nuclear Plant Georgia Power Company Ownership Percentage -50.1%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1.
The minimum decommissioning fund estimate,
$166,910,0002
$169,335,0002 pursuant to 10 CFR 50.75 (b) and (c)I 2.
The amount accumulated at the end of the calendar
$84,536,500
$87,461,094 year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c).
3.
A schedule of the annual amounts remaining to be See Schedule in See Schedede in collected;for items in 10 CFR 50.75 (b) and (c).
4.
The assumptions used regarding:
Per GPSC Docket 9355-U Per GPSC Docket 9355-U Rates of escalation in decommissioning cost 3.6%
3.6%
Rates of Earnings on decommissioning funds 6.5%
6.5%
Rates of other factors used in funding projections N/A N/A 5.
Any contracts upon which the licensee is relying N/A N/A pursuant to 10 CFR 50.75(e)(1)(ii)(c) 6.
Any modifications to a licensee's current method No modifications since the No modifications since the providing financial assurance occurring since the last last report. Funding is to an last report. Funding is to an submitted report.
External Sinking Fund with External Sinking Fund with the source of funds from the source of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by ratemaking as ordered by
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l the GPSC in Docket 9355-U the GPSC in Docket 9355-U 7.
Any material changes to trust agreements.
The only material changes The only material changes to the trust agreements since to the trust agreements since the last report are the the last report are the addition of new investment addition of new investment managers in 1994 and in inanagers in 1994 and in l
1997.
1997.
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- The NRC formulas in section 10CFR50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on site until transfer to DOE are not included in the cosi formulas.
2 This number is based on NUREG-1307, Rev. 8 for the Burial factor and the December 1997 values for the Labor and Energy factors
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Schedule of the Annual Amounts Included in Current Rates (Dollars in Thousands)
PLANT HATCH HATCHI HATCH 2 BEG OF NET END OF BEG OF NET END OF YEAR FUND FUND YEAR YEAR FUND FUND YEAR YEAR FUND BAL EARNINGS CONTRIB FUND BAL FUND BAL EARNINGS CONTRIB FUND BAL 1998 84.536 87,462
-1999 84,536 5,495 11,857 101,888 87,462 5,685 8,622 101,769 2000 101,888 6,623 11,857 120.368 101,769 6,615 8,622 117,006 2001 120.368 7,824 I I,857 140,049 117,006 7,605 8,622 133,233 2002 140,049 9,103 11,857 161,009 133.233 8,660 8,622 150,515 2003 161,009 10,466 11,857 183,332 150,515 9,783 8,622 168.920 2004 183.332 11,917 11,857 207.106 168,920 10,980 8.622 188,522 2005 207,106 13.462 11,857 232,425 188,522 12,254 8.622 209,398 2006 232,425 15,108 I I,857 259,390 209,398 13,611 8,622 231,631 2007 259,390 16,860 11,857 288.107 231,631 15.056 8,622 255,309 2008 288,107 18,727 11,857 318,691 255.309 16.595 8.622 280.526 2009 318,691 20,715 11,857 351,263 280.526 18,234 8,622 307,382 2010 351,263 22,832 11,857 385,952 307.382 19,980 8,622 335,984 2011 385,952 25,087 11,857 422,896 335,984 21.839 8,622 366.445 q
2012 422,896 27,488 11.857 462,241 366,445 23,819 8,622 398,886 j
i 2013-462,241 30.046 11,857 504,144 398,886 25,928 8,622 433,436 2014 504,144 19,662 7.114 530,920 433,436 28,173 8,622 470,231 d
2015 470,231 30,565 8,622 509,418 2016 509,418 33,112 8,622 551.152 2017 551,152 35,825 8,622 595,599 2018 595,599 17,421 3,880 616,900 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Beg Balance Net 17.arnings Fundmg Projected Total Beg Balance Net istnings fundmg Prokcted lotal TOTALS 84.536 261.415 184,969 530.920 87,462 361,740 167,698 616,900 L..