ML20205H362

Forwards Info on Status of Decommissioning Funding for Each Reactor or Part of Reactor Owned for OLs NPF-68 & NPF-81, as Requested IAW 10CFR50.75(f)(1)

ML20205H362
Person / Time
Site:	Vogtle
Issue date:	03/22/1999
From:	Ratcliff D GEORGIA POWER CO.
To:	Hoyle J NRC OFFICE OF THE SECRETARY (SECY)
Shared Package
ML20205H352	List: ML20205H348 ML20205H362 ML20205H381 ML20205H389 ML20205H405
References
NUDOCS 9904080173
Download: ML20205H362 (4)

Text

~ fy (o David M.Ratcliffe Bin 10240 Executive Vice President. 241 Ralph McGiH Boulevard NE Treasurer and Atlanta. Georgia 30308-3374 Chief Financial Officer Tel 404 506.7989 Fax 404 506.2980 March 22, 1999 GEORGIA Docket Nos. 50-424 POWER 50-425 Mr. John C. Hoyle, Secretary U. S. Nuclear Regulatory Commission ATTN: Rulemakings and Adjudication's Staff Washington, D. C. 20555-0001 Vogtle Electric Generating Plant

" Financial Assurance Requirements for Decommissioning Nuclear Power Reactors" (63 FR 50465 dated September 22,1998)

Dear Ladies and Gentlemen:

As provided in 10 CFR 56.75(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.

Georgia Power Company (GPC), hereby submits the information for operating licenses NPF-68 and NPF-81 as requested in accordance with 10 CFR 50.75(f)(1) for the Vogtle Electric Generating 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. Although Southern Nuclear holds the operating license, GPC is one of the licensed owners of Plant Vogtle, units 1 & 2, owning 45.7% of the facility.

Based on the information presented herein, there is reasonable assurance that the GPC ownership prorated amount of the NRC prescribed minimum will be available to decommission Plant Vogtle 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.

Respectfully submitted, D. M. Rate:i DMR/JDB Enclosure

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9904000173 990331 PDR ADOCK 05000424 I PDR;

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U. S. Nuclear Regulatory Commission Page Two ec: Southern Nuclear Operating Company

' Mr. J. B. Beasley, Vice President - Vogtle Electric Generating Plant U. S. Nuclear Regulatory Commission. Washington, DC  ;

Mr. D. H. JalTe, Senio- Project Manager - Vogtle U. S. Nuclear Regulatory Commission. Region II Mr. L. A. Reyes, Regional Administrator Mr. J. Zeiler, Senior Resident Inspector - Vogtle i

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Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage- 45.7%

I 10 CFP 59.75(f)(1) Requirement Unit 1 Unit 2 .

1. The minimum decommissioning fund estimate, $128,607,0002 $128,607,0002 pursuant to 10 CFR 50.75 (b) and (c)1

2. The amount accumulated at the end of the calendar $52,908,422 $59,630,418 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 Schedule in collected;for items in 10 CFR 50.75 (b) and (c). Attachment 1 Attachment 1

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% l 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) 1

2. 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 the GPSC in Docket 9355-U the GPSC in Docket 9355-U

6. Any material changes to trust agreements. The only material changes The only material changes ,

to the trust agreements since to the trust agreements since l l the last report are the the last report are the addition of new investment addition of new investment j managers in 1994 and 1997. managers in 1994 and 1997.

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• The NRC formulas in section 10CFR50.75(c) include only those decommissioning costs incurred by I

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 I the property under restricted conditions and termination of the license. The cost of dismantling or  !

demolishing non-radiological systems and structur- % not included in the NRC decommissioning cost l estimates. The costs of managing and storing spet fuel on site until transfer to DOE are not included l in the cost formulas.

2 This number is based on NUREG-1307, Rev. 8 for the Burial factor and the December 1997 values l for the Labor and Energy factors l J

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l Attachinent 1 Schedule of the Annual Amounts Included in Current Rates (Dollars in Thousands)

PLANT VOGTLE VOGTLEI VOGTLE2 IlEG OF NET END OF llEG OF NET END OF YEAR FUND FUND YEAR YEAR FUND FUND YEAR FUNDIIAL EARNINGS CONTRit! FUND llAL FUNDIIAL EARNINGS CONTRIl3 FUNDIlAL 1998 52,908 59,630 1999 52,908 3,439 5,174 61,521 59.630 3,876 4.177 67,683 2000 61,521 3,999 5,174 70/,94 67,683 4.399 4,177 76,259 2001 70,694 4.595 5,174 80,463 76.259 4 ?57 4,177 85,393 2002 80,463 5.230 5.174 90,867 85,393 5,551 4,177 95.121 2003 90,867 5,906 5,174 101,947 95,121 6,183 4,177 105,481 2004 101,947 6.627 5.174 113,748 105,481 6,856 4,177 116.514 2005 113,748 7,394 5,174 126,316 116.514 7,573 4,177 128.264 2006 126,316 8,211 5,174 139,701 128,264 8,337 (177 140,778 2007, 139,701 9,081 5,174 153,956 140,778 9.151 4,177 154,106 2008 153,956 10,007 5,174 169.137 154,106 10.017 4.177 168,300 2009 169.137 10.994 5.174 185,305 168,300 10,940 4,177 183,417 2010 185,305 12,045 5,174 202,524 I83.417 f1,922 4.I77 I99,516 2011 202,524 13,164 5,174 220,862 199,516 1, c69 4,177 216,662 2012 220,862 14.356 5.174 240,392 216,662 14,08) 4,177 234,922 2013 240,392 15,625 5.174 261,191 234,922 15,270 4,177 254.369 2014 261,191 16,977 5,174 283,342 254,369 16.534 4,177 275,080 2015 283,342 18,417 5,174 306.933 275,080 17,880 4,177 297,137 2016 306,933 19,951 5.174 332,058 297,137 19,314 4,177 320,628 2017 332,058 21,584 5.174 358,816 320,628 20,841 4,177 345.646 2018 358.816 23,323 5,174 387,313 345,646 22,467 4,177 372.290 2019 387,313 25,175 5,174 417,662 372,290 24,I99 4,177 400,666 2020 417,662 27,148 5,174 449,984 400,666 26,043 4,177 430,886 2021 449,984 29,249 5,174 484,407 430,886 28,008 4,177 463,071 2022 484,407 31,486 5.174 521.067 463,071 30,l00 4,177 497,348  ;

2023 521.067 33,869 5.174 560,110 497,348 32.328 4,177 533,853 2024 560,110 36,407 5,174 601.691 533.853 34,700 4,177 572,730 2025 601,691 39,110 5,174 645,975 572,730 37,227 4,177 614,134 2026 645,975 41,988 5.174 693,137 614.134 39,919 4,177 658,230 2027 693,137 1,802 207 695,146 658,230 42,735 4,177 705,192 2028 705,192 45,837 4,177 755,206 l 2029 755,2 % 5,400 459 761,065 Dcg Balance Net Earnings funding Projected Total Deg Balance Net Earnings Funding Projected Total 52,908 497,159 145,079 695.146 59,630 575,666 125,769 761 M5 i

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