ML20205H141

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Forwards Info for OLs DPR-7 & NPF-5 Re Financial Assurance Requirement for Decommissioning Nuclear Power Reactors,Per 10CFR50.75(f)(1).Oglethorpe Power Corp Is One of Licensed Owners of Ei Hatch,Units 1 & 2,owning 30% of Facility
ML20205H141
Person / Time
Site: Hatch  Southern Nuclear icon.png
Issue date: 03/24/1999
From: Barker R
OGLETHORPE POWER CORP.
To: Hoyle J
NRC OFFICE OF THE SECRETARY (SECY)
Shared Package
ML20205H137 List:
References
NUDOCS 9904080080
Download: ML20205H141 (5)
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l Ogtethorpe Pow Caporavon 2100 East Exchange Place PO Box 1349 Tucter. CA 300 % -1349 phonc 7/02/0 7000 March 24,1999 fax nonom2 Awewaveen cawase Docket Nos. 50-321 50-366 Mr. John C. Hoyle, Secretary U. S. Nuclear Regulatory Commission ATTN: Rulemakings and Adjudication's Staff Washington, DC 20555-0001 Edwin I. Hatch Nuclear Plant

" Financial Assurance Requirements for Decommissioning Nuclear Power Reactors" (63 FR 50465 dated Seotember 22.1998)

Dear Ladies and Gentlemen:

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC, 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.

Oglethorpe Power Corporation (OPC), hereby submits the information for operating licenses DPR-7 and NPF 5 as requested in accordance with 10 CFR 50.75(f)(1) for the Edwin I. Hatch Nuclear Plant. It is recognized by OPC that Southern Nuclear Operating Company (Southern Nuclear) will ,

be providing this information to the NRC along with the other Co-Owner submittals. Although Southern Nuclear holds the operating license, OPC is one of the licensed owners of Plant Hatch, units 1 & 2, owning 30% of the facility.

Based on the information presented herein, there is reasonable assurance that the OPC ownership ,

prorated amount of the NRC prescribed minimum will be available to decommission Plant Hatch j units 1 & 2 on the current expiration date of each unit's operating license as set forth in 10 CFR '

50.75(c).

Shculd you have any questions concerning this matter, please call me.

Respectfully submitted, i

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Richard D. Barker Manager, Fossil & Nuclear Operations 1

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Enclosures

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. Mr. John C. Hoyle, Secretary Page 2 March 24,1999 Cc: Southern Nuclear Ooerating Comoany Mr. H. L. Sumner, Vice President - Plant Hatch U.S. Nuclear Regulatory Comminaion. Washincton. DC Mr. L. N. Olshan, Project Manager - Hatch U. S. Nuclear Regulatory Conunission. Region II Mr. L. A. Reyes, Regional Administrator Mr. J. T. Munday, Senior Resident Inspector Hatch l

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Edwin I. Hatch Nuclear Plant Oglethorpe Power Corporation Ownership Percentage-30%

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10 CFR 50.75(f)(1) Requirement ". . m .- - #3 :g, Unit 1

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1. The minimum decommissioning fund estimale, S99,946,0002 5101,398,0002 pursuant to 10 CFR 50.75 (b) and (c)1
2. The amount a cumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c).

$49,249,291 $39,154,961

3. A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected;for items in 10 CFR 50.75 (b) and (c). Attachment 1 Attachment 1
4. The assumptions used regarding:

Rates of escr!ation in decommissioning cost 3.6% 3.6%

000A 3pr ovecisgEaptjngpnggeg,g e"YYo'ard on y 10% 10%

Rates of other factors used in funding projections 11/ 5 /98 ,

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5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(ii)(c) - -
6. Any modifications to a licensee's current method providing financial assurance occurring since the last submitted report. - --
7. Any material changes to trust agreements. . .

l ' The NRC formulas in section 10CFR50.75(c) include only those decommissioni'2g costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release rf 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 decommissicning cost estimates. The costs of managing and storing spent fuel on site until transfer to DOE are not included s the cost formulas.

8 This number is based on NUREG 1307, Rev. 8 for the Burial factor and the December 1997 values for the Labor and Energy factore

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' Attachment 1 Schedule of the Annual Amounts Remaining to be Collected PROPOSED SCHEDULE USING 1996 MINIMUM OGLETHORPE POWER CORPORATION NRC PUNDING - 1999 l

l Hatea 1 Escalation Factors 4.718

! Inflation Factore 3.6 Earnings Rater lo i

1993 1996 1997 Balance Balance NRC Rule NRC Rule NRC Rule Year BegLn Year Earnings Contributio End Year Minimum Minimum Minimum 7/90 0 0 15,485,000 0 1990 0 0 548,371 0 1991 0 0 540,371 0 1992 0 0 548,371 0 1993 0 0 548,371 0 1994 0 0 1,147,297 0 l 1995 0 0 1,147,297 0 1996 0 0 1,147,297 33,842,031 1997 33,842,031 3,384,203 1,147,297 43,124,533 1998 46,450,285 3,483,771 1,953,043 49,249,291 1999 49,249,291 4,924.929 1,953,043 56,127,263 2000 56,127,263 5,612,726 1,953,043 63,693,032 2001 63,493,032 6,369,303 1,953,043 72,015,379 2002 72,015,379 7,201,538 1,953,043 81.169,960 l

2003 81,169,960 8,116,996 1,953,043 91,239,998 2004 91,239,990 9,124,000 1,953,043 102,317,041 2005 102,317,041 10,231,704 1,953,043 114,501,788 2006 114,501,786 11,450,179 1,953,043 127,905,010 2007 127.905,010 12,790,501 1,953,043 142,648,554 j 2006 142,648,554 14,264,855 1,953,043 158,866,453 2009 158,866,453 15,886,645

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1,953,043 176,706,141 l 2010 176,106.141 17,670,614 1,953,043 196,329,798 2011 196,329,798 19,632,980 1,953,043 217,915,821 l

l 2012 217,915,821 21,791,582 1,953,043 241,660,446 2013 241,640,446 24,166,045 1,953,043 267,779,534 2014 267,77v,534 15,920,044 0 283,699,5*7 166,257,000 293,715,900 179,793,000 l

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Attachment 1 Schedule of the Annual Amounts Remaining to be Collected OGf.,ETHORPE POWER CORPORATIO1 NRC FUNDING - 1998 Hat:22 Escalation Factort 5.406 Inflation Factor 3,6 Earnings Rate 10 1993 1996 1997 Balance Balance NRC Rule NRC Rule NRC Rule Year Begin Year Earnings Contributio End Year Minimum Minimum Minimum 7/90 0 0 11,334,489 11,334,489 1990 11,334,489 453,380 654,745 12,442,614 1991 12,442,614 995,409 654,745 14,091,768 1992 14,092,768 1,127,421 654,745 15,874,934 1993 15,C74,934 2,692,308 654,745 19,221,987 1994 18,853,495 471,337 1,047,457 20,372,279 1995 20,278,012 2,027,801 1,047,457 23,353,270 1996 22,947,710 2,294,771 1.047,457 26,942,195 '

1 1997 26,942,195 2,694,220 1,047,457 34,453,103 1998 37,114,351 2,783,576 1,364,675 39,154,961 1999 39,154,961 3,915,496 1,364,675 44,435,132 2000 44,435,132 4,443,513 1,364,675 50,243,320 l 2001 50,243,320 5,024,332 1,364,675 56,632,327 2002 56,632,327 5,663,233 1,364,675 63,660,235 2003 63,660.235 6,366,024 1,364,675 71,390,934 2004 71,390,934 7.139,093 1,364,675 79,894,702 2005 79,894,702 7,989,470 1,364,675 89,248,547 2006 89,248,847 8,924,885 1,364,675 99,538,407 2007 99,538,407 9,953,841 1,364,675 110,856,923 2008 110,856,923 11.085,692 1,364,675 123,307,290 200', 123,307,290 12,330,729 1,364,675 137,002,694 2014 137,002,694 13,700,269 1,364,675 152,067,638 2011 152,067,638 15,206,764 1,344,675 168,639,077 2012 168,639,077 16,863,900 1,364,675 186,867,660 2013 186,867,660 18,686,766 1,364,675 206,919,101 2014 206,919,101 20,691,910 1,364,675 22e,975,684 2015 228,975,686 22,897,569 1,364,675 253,237,929 2016 253,237,929 25,323,793 1,364,675 279,926,397 2017 279,926,397 27,992,640 1,364,675 309,283,712 2018 309,283,732 13,811,848 0 323,095,560 189,377,000 336,561,300 209,012,700 I

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