ML25097A317
| ML25097A317 | |
| Person / Time | |
|---|---|
| Site: | Surry, North Anna  |
| Issue date: | 03/27/2025 |
| From: | James Holloway Virginia Electric & Power Co (VEPCO) |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| 25-060 | |
| Download: ML25097A317 (1) | |
Text
VIRGINIA ELECTRIC AND POWER COMPANY RICHMOND, VIRGINIA 23261 March 27, 2025 United States Nuclear Regulatory Commission Attention: Document Control Desk Washington, D. C. 20555-0001 Serial No.
NRA/DPJ Docket Nos.
License Nos.25-060 RO 50-280/281 50-338/339 DPR-32/37 NPF-4/7 VIRGINIA ELECTRIC AND POWER COMPANY (DOMINION ENERGY VIRGINIA)
SURRY POWER STATION UNITS 1 AND 2 NORTH ANNA POWER STATION UNITS 1 AND 2 DECOMMISSIONING FUNDING STATUS REPORT Pursuant to 10 CFR 50.75(f)(1), Virginia Electric and Power Company (Dominion Energy Virginia), is providing this report on the status of decommissioning funding for each of the four nuclear power reactors referenced above.
The attachment provides the following information for North Anna Power Station {NAPS) and Surry Power Station (SPS):
Table I -
NRC Minimum Financial Assurance Amount as of 12/31/2024 Table II -
Allocated Radiological Funds Held in External Trusts as of 12/31/2024 Table Ill - Current Annual Funding Levels - Radiological Portion Table IV - NRC Minimum Financial Assurance Summary Table The following information is provided in support and as part of this filing:
- 1. Preliminary December 2024 Bureau of Labor Statistics indices values are used because the final December 2024 indices values were not available at the time of this filing.
- 2. The escalation rate of decommissioning costs is held at 0% based on assuming 2% Real Rate of Return.
- 3. The growth rate on Trust Funds is held at the allowed 2% Real Rate of Return over the escalation rate.
- 4. No rate regulatory authority citation for SPS or NAPS is referenced because the 2% Real Rate of Return allowed by 50.75(e)(1)(ii) is used in the calculations.
Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Page 2 of 3
- 5. There are no contracts upon which Dominion Energy Virginia is relying under paragraph 10 CFR 50.75(e){1 )(v) and there were no modifications to the licensee's current method of providing financial assurance since the last submitted report.
- 6. Trust Fund amounts shown for each of the units in this report are market value and after-tax on realized gains and losses. The Trust Fund balances have not been adjusted for unrealized gain or loss positions not currently taxable.
- 7. Since the previous biennial submittal on March 30, 2023 (Serial No.23-061, ADAMS Accession No. ML23089A364) for SPS and NAPS, there have been no material changes to trust agreements established for nuclear decommissioning for the SPS and NAPS units.
Please contact Mr. Daniel P. Johnson at {804) 273-2381 if you have any questions or require additional information.
Sincerely,
~}~Vo '
James E. Holloway Vice President - Nuclear Engineering and Fleet Support Virginia Electric and Power Company (Dominion Energy Virginia)
Attachment:
Nuclear Decommissioning Financial Assurance as of 12/31/2024 Commitments made in this letter: None
cc:
U.S. Nuclear Regulatory Commission, Region II Marquis One Tower 245 Peachtree Center Avenue, NE, Suite 1200 Atlanta, Georgia 30303-1257 NRG Senior Resident Inspectors Surry and North Anna Power Stations Mr. G. Edward Miller Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Page 3 of 3 NRG Senior Project Manager - North Anna Power Station U. S. Nuclear Regulatory Commission Mail Stop 09 E-3 11555 Rockville Pike One White Flint North Rockville, Maryland 20852-2738 Mr. L. John Klos NRG Project Manager-Surry Power Station U.S. Nuclear Regulatory Commission Mail Stop 09 E-3 11555 Rockville Pike One White Flint North Rockville, Maryland 20852-2738 ODEC (Marcus Harris) R-North-Anna-Correspondence@odec.com Old Dominion Electric Cooperative Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Nuclear Decommissioning Financial Assurance as of 12/31/2024 Surry Power Station Units 1 and 2 North Anna Power Station Units 1 and 2 Virginia Electric and Power Company (Dominion Energy Virginia)
Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Page 1 of 3 Virginia Electric and Power Company Decommissioning Funding Status Report as of December 31, 2024 VIRGt,HA ELECTRIC AND POWER CCWPANY Hoclear Oecommisslooing Financial Ass..ance as <lf:
12131/2024 Table I:
NRC Mininun Financial Assurance Amount as of: 1213112024 10 CFR 50.75 (1)(1)
(),fll.,,,. "'Do.... )
(S.. Nofe5)
{See Noe !5)
(S N -IM) (Su Ndu 1&5)
Sony Sony Nodh Anna NCll1hAnna Custom,r Unt1 Unit2 Unit 1 Unl2 Total Clas,ilicamn (Sff Nole &)
OPR-32 DPR-37 NPf-4 NPf-1 Al Units Vrvna SUie CoJl)Mllion C0111'!1;.,.on (VSCC) s 425.D s 425.0 s 390.A s 390.4 s 1,.630.8 COll1)anyCon:rbulion s
s s
s s
N odh CarolN u trf'Je.s ComrriUYJn s
20-1 s 20.7 s 19.0 s 19.0 s 79.3 Federal Er,e,vyRegulalo,y Cemnr.sion s
5.6 s 5.6 s 52 s 52 s 21.5 Vrvnll Rt!al (nol underVSCC ;.ildlcllln) s 55.4 s 55.4 s 50.9 50.9 s 212.6 Unalo caled s
5D s 5D s Ali s H s 192 TCllal s
511.6 s 511.6 s 470.1 s 410.1 s 1 963.l Table It Alocllled Radiological Funds Held h Eitemal Trusts as of: 12/31/2024 10 CFR 50.75 (1)(1)
(MUra ofDo""'I (SH;Note.2)
(Sw Nola2) ($.EeN ctu 1&2) (Sffffclu1&2)
Sony Sony NodhAnna RCll1hAnna CUslorrer Unt1 Unit 2 Unltt Unl2 Tobll Cla&Sf"caoontSeellole &J DPR-32 DPR-37 NPF-4 IIPF-7 Al Unib V,gila Stale Coq:,o!llfi>n C0<m1-n (l,SCC) s 696.1 s 668.6 s 550.0 5212 s 2,435.8 torrf)anyContmut<Jn s
4.4 s 5.0 s 1.6 s 1.5 s 12.5 HodhC*IOlila Ut
- Comrrisslon s
422 s 47.7 s 39.3 s 36.1 s 165.4 Fedmil Er..e,gyR egullltOfY Comnission s
33.9 s 36.8 s 10.0 s 8-1 s 89-4 V.rgil'a Rotal(nolunderVSCC jlri,dict<>n) s 100.6 s 108.0 s 87.0 80.4 s 375.9 Unab catl<l s
s s
s s
Taal s
871.1 s 866Jl s 688.0 s 647.8 3078.9 Tnble II:
CII18ntAnnual Fmdhg lewis - Radiological Porticn 10 CFR 50.75 [11(11 (M.li:m ofDo~)
(S.,,Hru, 11 (S..Note1)
Sony Suny llorthAIVII NorflAma Custom!r Unl1 UniU Unitt UnI2 Total Cla ~
c*mn DPR-32 DPR-37 NPF-4 NPF-7 Al Unit!
V111n'a Stale Co,poroli>n Cor.m;,.,,;,n t.r.iCC) s
- s s
s
- s COll1)any t on,olt'on s
s
- s
- s
- s N orlh Carorna U~
s Comrrission s
s s
- s Fe<Seral Er.ergyREgulatofy COmmssk!n s
s s
s V111ila RelalO,olunderVSCC )Jmdlct:on) s s
s
- s Unalouted s
s s
s
- s Total s
- s
- s
- s s
Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Page 2 of 3 Virginia Electric and Power Company Decommissioning Funding Status Report as of December 31, 2024 Table IV:
NRC MiAlmom Financial Assurace SommaJYTable 10 CFR 50.75 {1){11 (llii:;a; cfOcl!r.1
- umpl F9'~ft and~I)
(Sea-*J
{SHNmO! (S*Hce 1&5)
(SHNdul~
Sull}'
Sony Nora.Anna NOtllAnna Unli t Unl2 Unit Urfl2 Tofil DPR-32 DPR-37 NPf-4 NPf-'l AHUnlo External EilemaJ Eilemal External Ue!t.-<d l>rP:cvi<f11g fbandal.....,iance Sinkin11Fund Sinking Fl.fld Sind!!!!Fund Sinking Fun:!
NRCUilinumhnounts asot 12/31/202 511.6 511.6 470.1 4701 1.963.3 Funds ii E~EmalTrusls IS0t 12/311202 1.216.7 1,193.4 965.8 906.9 4,285.9 Aloca!ed Ra<f<>b~icalFun<lsln E,ctemalTruohu ot 12/31/202 877.1 866.0 f.88.0 647.8 3,078.9 (SE! ffc.*2)
"-'localed Raa1>1Dgicalfun<lsln E,cternalTruolsas ot 12/311202 Uilus.NRC Ui'linumAmount 11sof 12/311202 365.5 354.4 217.9 177.7 1,115.5
(-No-ti 2&3)
Proj!ded.Mnual fscalaOOfl F adolJ.
0.00%
0.00%
0.00%
0.00%
knuallrull FundsEami"lgsRate (Alerlax &Fee3 *Ulllmes2%Rul RaleolR<!um) 200%
2 00%
200%
200%
YearTilat Ope,ali'lg Ucenss fll;)R$/ Sh.ti afOecoonissonilg (Rei.!dsLUnsa Renewrl ~r Sunyand Horth Anna) 2052 2053 2058 2060 NR C Uimlum Financia I J..ss.Jrance A'TIOl.ml 3.5~a,saterst.a:tof0econtnisai'onilg s
511.6 511.6 470.1 470.1 s 1,963.3 Eslir.mcl Rll<f,ologlcal Funds In ExemalTrusl*
3.S yeaISalent:art ofOeaarrrnmonilg 1.617.8 1,618.7 s 1,-424.5 1,407.0 s 6.068.0
(~trcS~
"-'lo coled Rll<fological funds in """'"' or 0, nderunded) to IIRC u i!inum 3.5 ~a,s.atec!l:a.rl ofDeoonmissoni"lg 1.106.2 s 1,107.1 954.4 s 936.9 4.1114.7 (SH IIGES Z 3 & 4)
Eslir.aled Rll<fJOlogical Funds il e>o:essor(Wldorbnded)1o NRC Uitinum Discounted uli1g AnnualTrust Funds E miogsR te ro 12/3112024 $
599.7 5923 s 61.0 $
431.4 s 2.08U
($Ea-4&5)
Serial No.: 25-060 Docket Nos.: 50-280/281/338/339 Page 3 of 3 Virginia Electric and Power Company Decommissioning Funding Status Report as of December 31, 2024 Notes: Tables I through IV (Any minor differences in totals are due to rounding.)
- 1) The North Anna Power Station is jointly owned by Virginia Electric and Power Company (88.4%) and Old Dominion Electric Cooperative (11.6%). However, Virginia Electric and Power Company is responsible for 89.05% of the Decommissioning obligation. The amounts stated in the above tables reflect only that portion of the Decommissioning obligation attributable to Virginia Electric and Power Company.
- 2) The Allocated Radiological Fund amounts shown exclude amounts designated for the future decommissioning of the Independent Spent Fuel Storage Installations (ISFSls),
spent fuel management, and non-radiological decommissioning.
- 3) Negative amount indicates that the Allocated Radiological Trust Fund value is less than the value of the NRC Minimum.
- 4) The Future Value calculation for SPS and NAPS reflects a 2% Real Rate of Return applied from January 1, 2025, to 3.5 years after start of Decommissioning assuming a 0% Escalation Rate.
- 5) Adjustment Factors used in calculating NRC Minimum Values are based on preliminary December 2024 Bureau of Labor Statistics indices, as final December 2024 indices were not available at the time of the calculation.
- 6) The allocation among customer classifications in Tables I and II is based on 2023 allocation percentages as the 2024 allocations have not yet been finalized.