ML20205H381

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)

ML20205H381
Person / Time
Site:	Vogtle
Issue date:	03/24/1999
From:	Barker R OGLETHORPE POWER CORP.
To:	Hoyle J NRC OFFICE OF THE SECRETARY (SECY)
Shared Package
ML20205H352	List: ML20205H348 ML20205H362 ML20205H381 ML20205H389 ML20205H405
References
NUDOCS 9904080178
Download: ML20205H381 (5)

Text

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)Oglethorp Power Oglethwpe Pcwer Capaatan 2100 East bcharge Piace PO Box 1349 Tucket GA 30085 13 0 phme 770270 7600 3999 fan 770 2701872 An Dectre Memteship Dwpewn Docket Nos. 50-424 50-425 Mr. John C. Hoyle, Secretary U. S. Nuclear Regulatory Comnussion ATTN: Rulemakings r.nd Adjudication's Staff Washington, DC 20555-0001 Vogtle Electric Generating Plant

" Financial Assurance Requirements for Decommissioning Nuclear Power Reactors"

{H3 FR 50465 dated Seotember 22.1993.}

Dear Ladies and Gentlemen:

As provided in 10 CFR 50.75(fX1), 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 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 OPC that Southern Nuclear Operating Company (Southern Nuclear) will be providing this information to the NRC along with the other Co-Ownei submittals.

Although Southern Nuclear holds the operating license, OPC is one of the licensed owners of Plant Vogtle, 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 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,

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Richard D. Barker Manager, Fossil & Nuclear Operations RDB:sd i Enclosures -

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l-Mr. John C. Hoyle, Secretary Page 2 March 24,1999 l

Cc: Southern Nuclear Ooerating Comoany Mr. J. B. Beasley, Vice President - Vogtle Electric Generating Plant U.S. Nuclear Regulatory Comminaion. Washinek_i. DC Mr. D. H. Jaffe, Senior Project Manager - Vogtle U. S. Nuclear Regulatory Comminaion. Region II l Mr. L. A. Reyes, Regional Administrator Mr. J. Zeiler, Senior Resident Inspector - Vogtle i

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{ o, Eaclosure WW e Electric Generating Plant Oglethorpe Power Corporation Ownership Percentage-30%

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^1 CFR 50.75(f)(1) Requirement. s .%

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1. The minimum decommissioning fund estimate, $84,425,0002 $84,425,0002 :

pursuant to 10 CFR 50.75 (b) and (c)I l

2. The amount accumulated at the end of the calendar sj year preceding the date of the report for items included l

in 10 CFR 50.75 (b) and (c). $18,595,201 $15,094,916 l .

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:

l Rates of escalation in decommissioning cost 3.6% 3.6% l Rates of Earnings on decommissioning funds 10% 10%

• • • Approved by Audit Committee of Board on 1 Rates of other factors used in funding projections 11/ 5/98 - -

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5. Any contracts upon which the licensee is relying i pursuart 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. - -

1

• 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 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 factors

To .%--

Attachment 1 Schedule of the Annual Amounts Remaining to be Collected OGLETHORPE POWER CORPORATION NRC FUNDING - 1998 Vogtie *, Escalation Factors 2,681 Inflation Factor: 3,6 Earnings Rate: 10 1993 1995 1997 Balance Balance NRC Rule NRC Rule NRC Rule Year Begin Year Earnings Contributio End Year Minimum Minimum Minimum 7/90 0 0 2,639,679 2,639,679 1990 2,639,679 105,587 781,836 3,527,16 1991 3,527,102 282,168 781,834 4,591,106 1992 4,591,106 367,289' 781,836 5,740,231 1993 5,740,231 976,267 781,836 7,498,334 1994 7,351,359 147,027 921,977 8,420,363 1995 8,420,363 673,629 921,977 10,015,969 1996 10,015,969 801,278 921,977 12,228,046

-1997 12.228,046 978,244 921,977 16,057,950 1998 17,295,563 1,297,167 984,648 18.595,201 1999 18,595,201 1,859,520 984,648 21,439,369 2000 21,439,369 2,143,937 984,646 24,567,954 2001 24,567,954 2,456,795 984,648 28,009,397 2002 28,009,397 2,R00,940 984,648 31,794,985 2003 11,794,985 3.179,499 984,648 35,959,132 )

2004 35,959,132 3,595,913 984,648 40,533,693 2005 40,539,693 4,053,969 984,648 45,578,310 2006 45,578,310 4,557,831 984,648 51,120,789 l 2007 51,120,789 5,112,079 984,648 57,217,516 2006 57,217,516 5,721,752 984,448 63,923,916 2009 63,923,916 6,392,392 984,648 71,300,955 l

2010 71,300,955 7,130,096 984,648 79,415,699 2011 79,415,699 7,941,570 984,648 88,341,917 2012 88,341,917 4,834,192 984,648 98,160,756 l 2013 98,160,754 9,816,074 984,648 108,961,480 2014 108,961,480 10,896,148 984,448 120,842,276 2015 120,842,276 12,084,228 984,648 133,911,151 2016 133,911,151 13,391,115 984,648 148,286,915 2017 148,286,915 14,828,491 984,448 144,100,254 2018 164,100,254 16,410,025 984,648 181,494,927 2019 181,494,927 18,149,493 984,648 200,429,068 j

2020 200,629,068 20,062,907 984,648 221,676,623 2021 221,476,623 22,167,662 984,648 244,828,933 -

2022 244,828,933 24,482,893 984,648 270,296,475 2023 270,296.475 27,029,647 984,648 298,310,770 2024 298,310,770 29,831,077 984,448 329,126,495 2025 329,126,495 32,912,650 984,648 363,023,793 2026 363,023,793 36,302,379 984,448 400,310,820 2027 400,110,820 1,645,113 0 401,955,933 223,304,000 416,178,000 235,784,000 i

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i Attachment 1 Schedule of the Annual Amounts Remaining to be Collected q

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l f OCLETHORPE POWER CORPORATION NRC FUNDING 1998 l

t Vcgtle 2 Escalation Factors 2.681 Inflation Factors 3,6 Earnings Ratet 10 1993 1995 1997 Balance Balance NRC Rule NRC Rule NRC Rule Year Begin Year Ea rnings Contributio End Year Minimum Mininum Minimum 7/90 0 0 484,145 484,145 1990 884,145 35,346 850,140 1,769,651 1991 1,769,651 141,572 A50,140 2,761,343 1992 2,761,363 220,909 A50,140 3,832,412

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1993 3,832,412 650,635 850,140 5,333,187 1994 5,333,187 104,644 948,274 6,388,125 1995 6,388,125 511,050 948.274 7,847,449 1996 7,847,449 I

627,796 948,274 9,611,913 1997 9,611,913 768,953 948,274 11,889,625 l

1998 13,831,863 1,037,390 1,011,144 15,094,916 1

1999 15,094,916 1,509,492 1,011,144 17,615,552 ]

2000 17,615,552 l 1,761,555 1,011,144 20,388,251 2001 20,386,251 2,038,825 1,011,344 23,438,220 l l

2002 23,438,220 2,343,822 1,011,144 26,793,186 2003 24,793,186 2,679,319 1,011,144 30,483,648 2004 30,483,648 3,049,365 1,011,144 34,543,157 2005 34,543,157 3,454,316 1,011,144 39,0cs,617 2006 39,008,617 3,900,862 1,011,144 43,920,621 2007 43,920,623 4,392,062 1,011,144 49,323,829 2006 49,323,829 4,932,383 1,011,144 55,267,356 2009 55,267,356 5,526,736 1,011,144 61,805,235 2010 41,805.235 6,180,524 1,011,144 68,996,903 i 2011 64,996,903 6,899,690 1,011,144 76,907,737 2012 76,907,737 7,N90,774 1,011,144 85,409,655 2013 85,609,655 8,560,965 1,011,144 95,181,764 2014 95,181,764 9,518,176 1,011,144 105,711.085 2015 105,711,085 10,571,108 1,011,144 117,293,337 2016 117,293,337 11,729,334 1,011,144 130,033,815 2 31~t 130,033,815 13,003,382 1,011,144 144,048,341 201R 144,048,341 14,404,834 1,011,144 159,464,'19 2019 159,464,319 15,946,432 1,011,144 1"A,421,e95 2020 176,421,895 17,642,109 1,011,144 195,075,228 2021 195,075,228 19,507,523 1,011,144 21'J , 5 9 3 , 8 9 5 2022 215.593.895 21,559,389 1,011,144 238,144,428 2023 138,164,428 23,816,443 1,011,144 262,992,015 2024 262,992,015 26,299,202 1,011,144 290,102,341 2025 290,302,361 29.030,236 1,011,144 120,343,741 2026 320,343,741 32,034,374 1,011,144 353,389,259

027 353,389,259 35,334,926 1,011,144 389,739,329 2028 189,739,329 38,973,931 1,011,144 429,724,406 2029 429,724,406 4,234,378 0 433,962,783 238,361,000 447,A04,000 253,703,000 l

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