ML20205J800
| ML20205J800 | |
| Person / Time | |
|---|---|
| Site: | Nine Mile Point  |
| Issue date: | 03/31/1999 |
| From: | Conway J NIAGARA MOHAWK POWER CORP. |
| To: | NRC OFFICE OF INFORMATION RESOURCES MANAGEMENT (IRM) |
| References | |
| NMP1L-1418, NUDOCS 9904120202 | |
| Download: ML20205J800 (15) | |
Text
{{#Wiki_filter:- _ - ... s. Niagara $ Mohawk' John T. Conway Phone: 315.349.4213 ) Vice President Fax: 315.349.2605 Nuc.':ar Generation March 31,1999 NMPIL 1418 } I U.S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555 3 RE: Nine Mile Point Unit 1 Nine Mile Point Unit 2 Docket No. 50-220 Docket No. 50-410 DPR-63 NPF-69
Subject:
Decommissioning Funding Status Report Gentlemen: Pursuant to the requirement of 10CFR50.75(f), Niagara Mohawk Power Corporation (NMPC) provides the attached information relative to the status of the decommissioning funds for Niae Mile Point Units 1 and 2 (NMP1 and NMP2). Attachment A contains information for NMP1 and Attachment B contains information for NMP2. The NMP2 information includes a summary ofinformation provided to NMPC by the other co-owners, Long Island Power Authority (LIPA), New York State Electric and Gas (NYSEG), Rochester Gas and Electric (RG&E), and Central Hudson Gas and Electric (CHG&E). NMPC has not independently verified the information provided by these co-owners. i Very truly yours, (- John T. Conway ) Vice President Nuclear Genera ' JTC/GJG/ kap I xc: Mr. H. J. Miller, NRC Regional Administrator h Mr. S. S. Bajwa, Director, Project Directorate I-1, NRR Mr. G. K. Hunegs, Senior Resident Inspector Mr. D. S. Hood, Senior Project Manager, NRR Records Management 9904120202 990331 i- '0
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PDR ADOCK05000220*( I PM Nine Mile Point Nudear Station RO. Box 63, Lycoming, New York 13093-0063
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i \\ l \\ ATTACHMENTA i NINE MILE POINT UNIT 1
I. NRC - DECOMMISSIONING FUNDING STATUS REPORT NIAGARA MOIIAWK POWER CORPORATION NINE MILE POINT UNIT 1 ($ in Millions)
SUMMARY
Ownership NMPC Share (1) NRC Minimum Fund Estimate: $325.20 100 % Burial Method Used: Waste Vendor (2) Amount accumulated at end of 1998: $192.40 (3) Amount remaining to be collected and years remaining to collect See page A-2 (4) Assumotions Rate of Retum on Fund: 6.3% Inflation: 3.5% Other Factors: N/A (5) Long-Term Contracts relied uoon for Decommissioning Funding Assurance Explain: N/A (6) Modifications to Method of Funding or Material Changes to Trust Agreements Explain: Standish, Ayer & Wood, Inc. was hired on March 25,1997 to manage both Qualified and Non-Qualified Domestic Fixed Income Portfolios 1 A-1
l ~ NIAGARA MOIIAWK POWER CORPORATION NINE MILE POINT UNIT 1 SCIIEDULE OF ANNUAL AMOUNTS TO BE CO11ECTEI) ($ IN MILLIONS) YEAR $8 1999 $23.2 2000 $23.2 2001 $23.2 2002 $23.2 2003 $23.2 2004 $23.2 2005 $23.2 2006 $23.2 2007 $23.2 2008 $23.2 2009 $16.3 TOTAL $248.5 l Annual amounts are rounded so that the sumn.a. ion of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. A-2
4 9 e ATTACHMENT B NINE MILE POINT UNIT 2 i I
NRC - DECOMMISSIONING FUNDING STATUS REPORT NIAGARA MOHAWK POWER CORPORATION NINE MILE POIN'I' UNIT 2 ($ in Millions)
SUMMARY
NMPC Ownership Share Share (1) NRC Minimum Fund Estimate: $149.16 41% I ]lurial Method Used: Waste Vendor j (2) Amount accumulated at end of 1998: $64.90 (3) Amount remaining to be collected and years remaining to collect See page B-2 (4) Assumotions Rate of Return on Fund: 6.9% Inflation: 3.5% Other Factors: N/A (5) Long-Term Contracts relied uoan for Decommissioning Funding Assurance Explain: N/A (6) Modificati)ns to Method of Funding or Material Changes to Trust Agreements Explain: Standish, Ayer & Wood, Inc. was hired on 1 March 25,1997 to manage a Qualified Domestic Fixed Income Portfolio B-1
NI AGARA MOllAWK POWER CORPORATION NINE MILE POINT UNIT 2 SCHEI)ULE OF ANNUAL AMOUNTS TO HE COLLECTEI) ($ IN MILLIONS) YEAR $8 1999 $4.8 2000 $4.8 2001 $4.8 2002 $4.8 2003 $4.8 2004 $4.8 2005 $4.8 2006 $4.8 2007 $4.8 2008 $4.8 2009 $4.8 2010 $ 1.8 2011 $4.8 2012 $4.8 2013 $4.8 2014 $4.8 2015 $4.8 2016 $4.8 2017 $4.8 2018 $4.8 2019 $4.8 2020 $4.8 2021 $4.8 2022 $4.8 2023 $4.8 2024 $4.8 J 2025 $4.8 20;6 $4.0 j TOTAL $132.9 i i Annual amounts are rounded so that the summation of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. B-2 l
NRC - DECOMMISSIONING FUNDING STATUS REPORT LONG ISLAND POWER AUTHORITY NINE MILE POINT UNIT 2 ($ in Millions) LIPA
SUMMARY
LIPA Ownership Shate Share (1) NRC Minimum Fund Esti nale $101.95 18 % l Burial Method Used: Direct Disposal (2) Amount accumulated at end of 1998: $19.30 (3) Amount remaining to be collected and years remaining to collect See page B-4 (4) Assumntions Rate of Return on Fund: 5.0% Inflation: 3.0% Other Factors: N/A (5) Long-Term Contracts relied uoon for Decommissioning Funding Assurance - Explain: N/A (6) Modifications to Method of Funding or Material Changes to Trust Agreements Explain: No material changes to the Trust Agreement. However, the existing Trust Agreement will be revised to ensure that it properly reflects LIPA's ownership, investment guidelines and LIPA's status as a public autho.s. v B-3
4 9 i LONG ISLAND POWERJUTHORITY ] NINE MILE POINT UNIT 2 ] SCllEDULE OF ANNUAL AMOUNTS TO HE COLLECTED l ($ IN MILLIONS) ) YEAR 1999 $3.2 2000 $3.2 2001 $3.2 2002 $3.2 2003 $3.2 2004 $3.2 2005 $3.2 2006 $3.2 2007 $3.2 2008 $3.2 2009 $3.2 2010 $3.2 2011 $3.2 2012 $3.2 2013 $3.2 2014 $3.2 2015 $3.2 2016 $3.2 2017 $3.2 2018 $3.2 2019 $3.2 2020 $3.2 2021 $3.2 2022 $3.2 2023 $3.2 2024 $3.2 2025 $3.2 2026 $3.2 l TOTAL $ 89.7 l Annual amounts are rounded so that the summation of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. t B-4
NRC. DECOMMISSIONING FUNDING STATUS REPORT NEW YORK STATE ELECTRIC AND GAS NINE MILE POINT UNIT 2 ($ in Milli ns) 9 NYSE&G
SUMMARY
NYSE&G Ownership Share Share (1) NRC Minimum Fund Estimate: $65.48 18 % Burial Method Used: Direct Disposal (2) Amount accumulated at end of 1998: $22.00 (3) Amount remaining to be collected and years remaining to collect See page B-6 (4) Assumotions Rate of Return on Fund: 6.3% I Inflation: 3.5% Other Factors: N/A i (5) Long-Term Contracts relied uoon for Decommissioning Funding Assurance Explain: N/A 1 (6) Modifications to Method of Funding or Material Changes to Trust Agreements i l Explain: N/A B-5
4 NEW YORK STATE ELECTRIC AND GAS NINE MILE POINT UNIT 2 SCHEDULE OF ANNUAL AMOUNTS TO HE COLLECTED ($ IN MILLIONS) i YEAR 1999 $3.6 2000 $4.1 2001 $4.0 2002 $4.1 2003 $4.1 2004 $4.2 2005 $4.1 20J6 $4.1 2007 $4.1 2008 $4.2 2009 $4.2 2010 $4.2 2011 $4.2 2012 $4.2 2013 $4.2 2014 $4.2 2015 $4.1 2016 $4.1 2017 $4.1 2018 $4.1 2019 $4.1 2020 $4.1 2021 $4.1 2022 $4.1 2023 $4.1 2024 $4.1 2025 $4.1 2026 $4.1 TOTAL $113.3 Annual amounts are rounded so that the summation of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. B-6
NRC - DECOMMISSIONING FUNDING STATUS REPORT ROCHESTER GAS AND ELECTRIC NINE MILE POINT UNIT 2 ($ in Millions) RG&E
SUMMARY
RG&E Ownership Share Share (1) NRC Minimum Fund Estimate: $50.50 14 % Burial Method Used: Waste Vendor (2) Amount accumulated at end of 1993: $23.00 i (3) Amount remaining to be collected and years remaining to collect See page B-8 { l ) (4) Assumptions Rate of Return on Fund: 6.4% Inflation: 4.0% Other Factors: N/A (5) Long-Term Contracts relied upon for Decoramissioning Funding Assurance Explain: N/A (6) Modifications to Method of Funding or Material Changes to Trust Agreements Explain: N/A B-7
ROCHESTER GAS AND EISCTRIC NINE MIII POINT UNIT 2 ($ IN MII I.idiES) YEAR $3 1999 $3.4 2000 $3.4 2001 $3.4 2002 $3.4 2003 $3.4 2004 $3.4 2005 $3.4 2006 $3.4 2007 $3.4 2008 $3.4 2009 $3.4 2010 $3.4 2011 $3.4 2012 $3.4 2013 $3.4 2014 $3.4 2015 $3.4 2016 $3.4 2017 $3.4 2018 $3.4 2019 $3.4 2020 $3.4 -{ 2021 $3.4 2022 $3.4 2023 $3.4 1 2024 $3.4 2025 $3.4 2026 $3.4 TOTAL $ 94.5 Annual arnounts are rounded so that the summation of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. i B-8
l \\ NRC - DECONIN11SSIONING FUNDING STATUS REPORT l CENTRAL HUDSON GAS AND ELECTRIC NINE N1ILE POINT UNIT 2 ($ in Millions) CIIG&E
SUMMARY
CIIG&E Ownership Shars Share (1) NRC Minimum Fund Estimate: $51.00 9% Budal Method Used: Direct Disposal (2) Amount accumulated at end of 1998: $13.90 (3) Amount remaining to be collected and vears remamme to collect See page B-10 l (4) Assumotions Rate of Return on Fund: 7.1% Inflation: 3.5% Other Factors: N/A l (5) I;mg-Term Contracts relied upon for Decommissioning Funding Assurance Explain: N/A (6) Modifications to Method of Funding or Material Changes to Trust Agreements Explain: N/A B-9
E- + CENTRAL IIUDSON GAS AND ELECTRIC NINE MILE POINT UNIT 2 SCIIEDULE OF ANNUAL AMOUNTS TO BE COLLECTED ($ IN MILLIONS) YEAR $8 1999 $1.6 2000 $1.7 2001 $1.8 2002 $1.9 2003 $2.0 2004 $2.2 2005 $2.3 2006 $2.5 2007 $2.6 2008 $2.8 2009 $3.0 2010 $3.2 2011 $3.4 2012 $3.6 2013 $3.9 2014 $4.1 2015 $4.4 2016 $4.7 2017 $5.0 2018 $5.3 2019 $5.7 2020 $6.0 2021 $6.4 2022 $6.9 2023 $7.3 2024 $7.5 2025 $8.3 2026 $8.3 TOTAL $118.9 8 Annual amounts are rounded so that the summation of the annual collections does not equal the total. The total accurately reflects the expected collection as currently planned. B-10}}