ML25036A069
| ML25036A069 | |
| Person / Time | |
|---|---|
| Site: | North Anna  |
| Issue date: | 12/31/2024 |
| From: | Maloney L W Old Dominion Electric Cooperative |
| To: | Document Control Desk, Office of Nuclear Material Safety and Safeguards |
| References | |
| Download: ML25036A069 (1) | |
Text
ODEC
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December 31, 2024 Old Dominion Electric Cooperative' ATTN : Document Control Desk Director, Division of Spent Fuel Management Office of Nuclear Material Safety and Safeguards U.S. Nuclear Regulatory Commission Washington, DC 20555-0001 OLD DOMINION ELECTRIC COOPERATIVE Docket No. 72-16, 72-56 License No. SNM-2507 NORTH ANNA POWER STATION INDEPENDENT SPENT FUEL STORAGE INSTALLATIONS (ISFSls) 10 CFR 72.30 DECOMMISSIONING FUNDING PLAN Pursuant to 10 CFR 72.30(b} and (c}, Old Dominion Electric Cooperative submits the attached decommissioning funding plan for the North Anna Power Station ISFSls.
Please contact me at (804} 968-4065 if you have any questions or require additional information.
Lynn A. W. Maloney Vice President of Finance Old Dominion Electric Cooperative
Attachment:
Decommissioning Funding Plan for North Anna Power Station ISFSls Commitments made in this letter: None cc:
Ms. Yen-Ju Chen NRC Senior Project Manager - ISFSls U.S. Nuclear Regulatory Commission Mail Stop 4834 Two White Flint North 11545 Rockville Pike Rockville, MD 20852-2738 Dominion Energy Services, Inc.
Frederick.d.gerloff@dominionenergy.com 9 4201 Dominion Boul *v rd
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804 747 0592 Jbt 804 747 742 Glen Allen, VIrgin1a 23060 M5S2D 1\\.,,, '1 S S2 6
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Attachment Decommissioning Funding Plan for North Anna Power Station ISFSls Docket Nos.: 72-16/72-56 North Anna Power Station Independent Spent Fuel Storage Installations Old Dominion Electric Cooperative (ODEC)
Docket Nos.: 72-16/72-56 Attachment Pagel of 6 Decommissioning Funding Plan for North Anna Power Station ISFSls Specific License No. SNM-2507, Docket No. 72-16 General License under 10 CFR 72.210, Docket No. 72-56 Pursuant to 10 CFR 72.30(b), Old Dominion Electric Cooperative (ODEC) submitted a decommissioning funding plan for the North Anna Power Station (NAPS) Independent Spent Fuel Storage Installations (ISFSls) on December 31, 2021 (ADAMS Accession No. ML22010A029). 10 CFR 72.30(c) requires each holder of a license under Part 72 to submit a decommissioning funding plan at the time of license renewal and at intervals not to exceed three (3) years with adjustments as necessary to account for changes in costs and the extent of contamination. In accordance with 10 CFR 72.30 (c), the information below provides ODEC's periodic update to the NAPS ISFSls decommissioning funding plan.
Pursuant to 10 CFR 72.30(b), a decommissioning funding plan must contain:
- 1) Information on how reasonable assurance will be provided that funds will be available to decommission the ISFSI or MRS [Monitored Retrievable Storage Installation].
ODEC provides financial assurance for the decommissioning of NAPS using the external sinking fund method. Collections are based on site-specific cost estimates that include radiological decommissioning, spent fuel management (including ISFSI decommissioning), and site restoration.
Table 1 below shows the Total Funds and Allocated Radiological Funds accumulated as of December 31, 2023 and in future dollars for NAPS Units 1 and 2. The table shows that the funds available for ISFSI Decommissioning, Spent Fuel Management, and Site Restoration exceed the ISFSI Decommissioning Cost Estimate (DCE) amount.
As a regulated electric utility, ODEC has the ability to recover its cost of service, including decommissioning funding, through rates. ODEC obtains a site-specific ISFSI DCE for NAPS from Virginia Electric and Power Company approximately every five (5) years to determine whether additional contributions to the external sinking fund are needed.
Docket Nos.: 72-16/72-56 Attachment Page 2 of6 Table 1: Total Funds and Allocated Radiological Funds as of December 31, 2023 (in millions)
Allocated Allocated Funds Available Radiological Radiological ISFSls Decom, Total Funds in Total Funds in Funds in Funds in Spent Fuel Mgt &
ISFSls Unit External Trusts External Trusts External Trusts External Trusts NRC Minimum Site Restoration DCE End of License Year (12/31/2023 $)
(Future s)"1 (12/31/2023 $)
(Future $)"1 (Future $)!l1 (1213112023 s)"1 (12/31/2023 $)1' 1 North Anna Unit 1
$13111
$276 89
$97 69
$138 84
$60 54
$33 42 2058
$025 North Anna Unit 2
$129 50
$286 89
$96 49
$143 77
$60 54
$33 01 2060
<1> Total Funds in External Trusts (Future$)= 2% Real Rate of Return applied to growth of funds in the External Trust to 3.5 years after Start of Decommissioning of each unit.
<2> Allocated Radiological Funds in External Trusts (Future$) = 2% Real Rate of Return applied to growth of funds in the External Trusts to 3.5 years after Start of Decommissioning for each unit.
<3l NRC Minimum (Future$)= NRC Minimum amount reflects December 31, 2023 NRC Minimum Amount due to the application of a 2% Real Rate of Return to growth of funds in the External Trusts and keeping the NRC Minimum amount constant. The NAPS NRC Minimum Amounts are presented representing ODEC's 10.95% share of responsibility for NAPS decommissioning costs 1.
<4l Funds Available for ISFSI Decommissioning, Spent Fuel Management, and Site Restoration (12/31/23 $) is calculated as the difference between Total Funds in the External Trusts (2023 $) and the Allocated Radiological Funds in External Trusts (2023 $).
<5l ISFSI DCE amount as reported in Table 2 of this filing.
1 North Anna Power Station is jointly owned by Virginia Electric and Power Company (88.4%)
and Old Dominion Electric Cooperative (11.6%). However, ODEC is responsible for 10.95%
of the decommissioning obligation.
Docket Nos.: 72-16/72-56 Attachment Page 3 of 6
- 2) A detailed cost estimate for decommissioning, in an amount reflecting:
(i)
The cost of an independent contractor to perform all decommissioning activities; (ii)
An adequate contingency factor; and (iii) The cost of meeting the §20.1402 of this chapter criteria for unrestricted use, provided that, if the applicant or licensee can demonstrate its ability to meet the provisions of §20.1403 of this chapter, the cost estimate may be based on meeting the §20.1403 criteria.
General Methodology Used to Develop ISFSI Decommissioning Cost Estimates A site-specific ISFSI DCE based on 10 CFR 72.30 requirements was prepared for the NAPS ISFSI in 2020. The ISFSI DCE was based on the assumption that a third-party contractor would perform decommissioning. To determine the cost of using a third-party contractor, fully burdened labor rates (labor costs plus employee benefits and taxes) were used as a basis and a premium was added to represent a third-party contractor's profit margin.
The site-specific ISFSI DCE includes undistributed costs (for support activities and costs such as staff, security, insurance, energy, materials and services) allocated to the ISFSI decommissioning period. The site-specific ISFSI DCE includes 25% contingency in accordance with NUREG-1757, "Consolidated Decommissioning Guidance," Volume 3, Revision 1. Table 2 below shows the contingency as one line item.
The site-specific ISFSI DCE is based on remediating the site to a residual radioactivity level consistent with 10 CFR 20.1402 (i.e., unrestricted use). As shown in Table 2, the estimated cost to decommission the ISFSls at NAPS is $247,500 in 2023 dollars (10.95% decommissioning responsibility).
Docket Nos.: 72-16/72-56 Attachment Page 4 of 6 Table 2: NAPS Site-Specific Cost Estimates Applicable to ISFSI Decommissioning Costs - 1 O CFR 72.30 North Anna Power Station Site Specific Cost Estimates Applicable to ISFSI Decommissioning Costs - 10 CFR 72.30 (in thousands of dollars) 25%
Total ISFSI Decommissioning Activity Description Labor Equipment Disposal Other Contingency 2023 $
Distributed (Direct) Cost Preparation and NRC Review of License Termination Plan 13 20 $
33 Verification Survey of Horizontal Storage Modules 18 9
27 Preparation of Final Report on Decommissioning and NRC Review 13 20 33 Total Distributed (Direct) Cost 44 $
9 40 $
93 Total Undistributed (Allocated) Cost 67 2 $
36 105 Total North Anna ISFSI Decommissioning Cost 111 $
11 $
76 198 25% Contingency Applied to Total North Anna ISFSI Decommissioning Cost Estimate so so Total North Anna ISFSI Decommissioning Cost Estimate with Contingency 248 Annual Escalation Rate (2020$ to 2023$)
4.35%
Escalation Rate based on average of CPI-U indices for period shown Decommissioning Cost shown at 10.95%
ODEC Decommissioning Responsibility Percentage
Information Required by 10 CFR 72.30(c)
Docket Nos.: 72-16/72-56 Attachment Page S of 6 10 CFR 72.30(c) requires updated decommissioning funding plans to specifically consider the effect of the following events on decommissioning costs:
(1) Spills of radioactive material producing additional residual radioactivity in onsite subsurface material.
There have been no reported spills at the ISFSI.
(2) Facility modifications.
There have been no facility modifications affecting the ISFSI DCE.
(3) Changes in authorized possession limits.
As stated below, the ISFSI DCE is based on ISFSls that are sized, when used in conjunction with the spent fuel pool, to accommodate the spent fuel generated over the life of the station. There have been no changes in authorized possession limits affecting the DCE.
(4) Actual remediation costs that exceed the previous cost estimate.
No actual remediation costs have been incurred.
- 3) Identification of and justification for using the key assumptions contained in the DCE The DCE for the NAPS ISFSls assumes:
- i.
ISFSls that are sized, when used in conjunction with the spent fuel pool, to accommodate the spent fuel generated over the life of the station.
ii.
Decommissioning will be performed by an independent contractor.
iii.
Storage canisters will be used to ship the contained spent fuel to the Department of Energy. Single purpose canisters will be qualified for shipment or transported in licensed transportation overpacks to avoid the need for repackaging and will maintain occupational exposures as low as reasonably achievable.
iv.
A dry transfer facility will not be necessary.
Docket Nos.: 72-16/72-56 Attachment Page 6 of 6
- v.
The ISFSI pads and support modules are assumed to be free of contamination and left in place.
- 4) A description of the method of assuring funds for decommissioning from paragraph (e) of this section, including means for adjusting cost estimates and associated funding levels periodically over the life of the facility.
ODEC uses an external sinking fund method for NAPS. The external sinking fund is based on site-specific cost estimates that include estimated ISFSI decommissioning costs. ODEC obtains these cost estimates from Virginia Electric and Power Company approximately every five (5) years to determine whether there is any need to adjust rates to contribute to the external sinking fund.
When a site-specific ISFSI Decommissioning Cost Estimate (DCE) is not performed in a reporting year, the ISFSI decommissioning funding plan will adjust the most recent site-specific ISFSI DCE using a CPI indice-based escalation rate and will consider the need for any further adjustment based on the factors in 10 CFR 72.30(c)(1) - (4).
The CPI indice annual escalation rate mnemonic is as follows:
CPI - U: Urban Consumer - All Items, (Index 1982-84=100, SA), U.S. Bureau of Labor Statistics (BLS); Moody's Analytics (ECCA) Forecast, Quarterly, United States.
- 5) The volume of onsite subsurface material containing residual radioactivity that will require remediation to meet the criteria for license termination.
Onsite subsurface material associated with the NAPS ISFSls is assumed to have no residual radioactivity that will require remediation to meet the criteria for license termination. The spent fuel storage casks are sealed and contain no liquid.
- 6) A certification that financial assurance for decommissioning has been provided in the amount of the cost estimate for decommissioning.
ODEC certifies that financial assurance for the estimated cost of decommissioning the NAPS ISFSI has been provided as discussed above.