NL-15-0577, Edwin I. Hatch, Units 1 and 2 - Georgia Power Company Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

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Edwin I. Hatch, Units 1 and 2 - Georgia Power Company Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
ML15167A462
Person / Time
Site: Hatch  Southern Nuclear icon.png
Issue date: 03/16/2015
From: Poroch D
Georgia Power Co
To:
Document Control Desk, Office of Nuclear Reactor Regulation
Shared Package
ML15167A507 List:
References
NL-15-0577
Download: ML15167A462 (5)
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Text

Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 1 Georgia Power Company Response Bin 10120 241 Ralph McGill Boulevard, NE Atlanta, Georgia, 30308 404.506.0997 March 16, 2015 Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Dear Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter.

Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses DPR-57 and NPF-5 issued for Edwin I. Hatch Nuclear Plant Unit 1 and 2, respectively.

Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Edwin I. Hatch Nuclear Plant, is providing this information to the NRC on behalf of GPC.Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin I.Hatch Nuclear Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses DPR-57 and NPF-5.Please advise if you have any questions or comments regarding the information provided herein.Respectfully submitted, GEORGIA POWER COMPANY, by, David Poroch Vice President

& Comptroller Enclosure Enclosure Edwin I. Hatch Nuclear Plant Georgia Power Company Ownership Percentage

-50.1%10 CFR 50.75(f)(1)

Requirement Unit I Unit 2 1 The NRC minimum decommissioning estimate, $323,874,000 2 $323,874,000 pursuant to 10 CFR 50.75(b) and (c). 1 2 The amount accumulated at the end of the $251,094,000 3 $232,724,000 calendar 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; foritems in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding: (a) rates of escalation in decommissioning 2.41% 2.41%costs;(b) rates of earnings on decommissioning 4.41% 4.41%funds;(c) real rate of return; and 2.00% 2.00%(d) rates of other factors used in funding None None projections.

5 Any contracts upon which the licensee is relying None None pursuant to 10 CFR 50.75(e)(1)(v).

6 Any modifications to a licensee's current method No modification since the No modification since the of providing financial assurance occurring since last report. Funding is to an last report. Funding is to an the last submitted report. External Sinking Fund with External Sinking Fund with the sources of funds from the sources of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by ratemaking as ordered by the GPSC. the GPSC.7 Any material changes to trust agreements.

None None NOTES: 1 The NRC formulas in section 10 CFR 50.75(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.2 This amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS data for labor and energy.3 This amount represents the December 31, 2014 balance of funds in the external trust designated for license termination and does not include funds identified and held in subaccounts within the external trusts for spent fuel management and decommissioning of spent fuel storage facilities.

The subaccounts include $110,000 and$6,058,000, for Units 1 and 2, respectively, funded through rates In accordance with Georgia Public Service Commission Orders.

Attachment 1 Schedule of the Annual Amounts Remaining to be Collected GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/3112014 Fund Balances (In thousands)

GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/3112014 Fund Balances (In thousands)

HATCH I HATCH 2 BEG OF YEAR YEAR FUND BAL Adjusted FUND FUND Annual EARNINGS CONTRIB Exmend.END OF YEAR FUND BAL BEG OF YEAR YEAR FUND BAL Adjusted FUND FUND Annual EARNINGS CONTRIB Exmend.END OF YEAR FUND BAL 2015 251,094 11,073 0 0 262,167 2016 262,167 11,562 0 0 273,729 2017 273,729 12,071 0 0 285,800 2018 285.800 12,604 0 0 298.404 2019 298,404 13,160 0 0 311,564 2020 311,564 13,740 0 0 325,304 2021 325,304 14,346 0 0 339,650 2022 339,650 14.979 0 0 354,629 2023 354,629 15,639 0 0 370,268 2024 370,268 16,329 0 0 386,597 2025 386,597 17,049 0 0 403,646 2026 403,646 17,801 0 0 421,447 2027 421,447 18,586 0 0 440,033 2028 440,033 19,405 0 0 459,438 2029 459,438 20,261 0 0 479,699 2030 479,699 21,155 0 0 500,854 2031 500,854 22,088 0 0 522,942 2032 522,942 23,062 0 0 546,004 2033 546,004 24,079 0 0 570,083 2034 1 570,083 13,739 1 0 0 1 583,822 2015 232,724 10,263 0 0 242,987 2016 242,987 10,716 0 0 253,703 2017 253,703 11,188 0 0 264,891 2018 264,891 11,682 0 0 276,573 2019 276,573 12,197 0 0 288,770 2020 288,770 12,735 0 0 301,505 2021 301.505 13,296 0 0 314,801 2022 314,801 13,883 0 0 328,684 2023 328,684 14,495 0 0 343,179 2024 343,179 15,134 0 0 358,313 2025 358.313 15,802 0 0 374,115 2026 374,115 16,498 0 0 390,613 2027 390,613 17,226 0 0 407,839 2028 407,839 17,986 0 0 425,825 2029 425,825 18,779 0 0 444,604 2030 444,604 19,607 0 0 464,211 2031 464,211 20,472 0 0 484,683 2032 484,683 21,375 0 0 506,058 2033 506,058 22,317 0 0 528,375 2034 528,375 23,301. 0 0 551,676 2035 551,676 24,329 0 0 576,005 2036 j 576,005 25,402 0 01 601,407 2037 601,407 26,522 0 0 627,929 2038 627,929 15,133 0 0 643,062

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