NL-15-0581, Dalton Utilities Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

From kanterella
(Redirected from NL-15-0581)
Jump to navigation Jump to search
Dalton Utilities Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
ML16048A132
Person / Time
Site: Vogtle  Southern Nuclear icon.png
Issue date: 03/26/2015
From:
Dalton Utilities
To:
Office of Nuclear Reactor Regulation
Shared Package
ML16048A141 List:
References
NL-15-0581
Download: ML16048A132 (4)
v • d • e


Text

Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 4 Dalton Utilities Response

UTILITIES Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating 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. Accordingly, Dalton Utilities (Dalton) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of Dalton.

Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating 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 NPF-68 and NPF-81.

Please advise ifyou have any questions or comments regarding the information provided herein.

Respectfully submitted, DAL t ULITIES, by, Enclosure 1200 V.D. Pairott, Jr. Parkway poO,Box 862 ,, Dalton, GA 30722 *706.278.1313 .* 7062.78.7230 Fax *. www.dutil.com - Lin V*Tliat is 1 OS S 8L E*

Enclosure Vogtle Electric Generating Plant Dalton Utilities Ownership Percentage - 1,6%

10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate, $2502$,8,0 pursuant to 10 CFR 50.75(b) and (c). 1$,2500 $25,0 2 The amount accumulated at the end of the calendar year preceding the date of the report for $8,9 68,481 I $ 8,64 5,60 9 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; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding:

(a) rates of escalation In decommissioning 2.1 1 costs; 3.27 % 3. 27%,

(b) rates of earnings on decommissioning funds; .86% .86%

(c) real rate of retumn; and (d) rates of other factors used In funding N/A N/A projections.

5 Any contracts upon which the licensee is relying None None pursuant to 10 CFR 50.75(e)(1)(v).________ ____1 __________

6 Any modifications to a licensee's current method of providing financial assurance occurring since the last submitted report. ____________

None

.___________ None

! 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-radilocgical systems and structures Is not Included in th~e 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.

The Water, Light and Sinking Fund Commission of The City of Dalton, GA D/B/A Dalton Utilities Nuclear Decommissioning Funds Investment Balances December 31, 2014 Morgan Stanley (formerly Bank of New York) Morgan Stanley (formerly Wachovia Bank) Total Funds

.Carrying ValuE Market Value P..ar Value Carryilnn ValueMarket Value Paar Value Carryinq Value Market Value PeVau Plant Hatch Unit 1 11,417,193 12,151,911 12,281,000 6,173,226 6,061,457 5,964,200 17,590,419 18,213,368 18,245,200 Unit 2 10,614,525 11,740,884 12,491,000 6,739,227 5,856,434 6,066,185 16,353,752 17,597,318 18,557,185 Total 22,031,719 23,892,795 24,772,0(00 11,912,452 11,917,891 12,030,385 33,944,171 35,810,686 36,802,385 Plant Vootle Unit I 5,585,257 5,983,747 5,601,0600 3,019,924 2,984,734 2,720,095 8,605,181 8,968,481 8,321,095 Unit 2 5,760,006 5,768,327 5,760,000 3,114,409 2,877,282 2,797,312 8,874,415 8,645,609 8,557,312 Total 11,345,263 11,752,074 11,361,000 6,134,333 5,862,016 5,517,407 17,479,596 17,614,090 16,878,407 18,046,785 17,779,907 17,547,792 51,423,767 53,424,776 53,680,792 Grand Total 33,376,982 35,644,869 36,133,000 2014 Nuclear Decomm Funds-NRC Filing.xls

Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 4 Dalton Utilities Response

UTILITIES Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating 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. Accordingly, Dalton Utilities (Dalton) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of Dalton.

Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating 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 NPF-68 and NPF-81.

Please advise ifyou have any questions or comments regarding the information provided herein.

Respectfully submitted, DAL t ULITIES, by, Enclosure 1200 V.D. Pairott, Jr. Parkway poO,Box 862 ,, Dalton, GA 30722 *706.278.1313 .* 7062.78.7230 Fax *. www.dutil.com - Lin V*Tliat is 1 OS S 8L E*

Enclosure Vogtle Electric Generating Plant Dalton Utilities Ownership Percentage - 1,6%

10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate, $2502$,8,0 pursuant to 10 CFR 50.75(b) and (c). 1$,2500 $25,0 2 The amount accumulated at the end of the calendar year preceding the date of the report for $8,9 68,481 I $ 8,64 5,60 9 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; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1 4 The assumptions used regarding:

(a) rates of escalation In decommissioning 2.1 1 costs; 3.27 % 3. 27%,

(b) rates of earnings on decommissioning funds; .86% .86%

(c) real rate of retumn; and (d) rates of other factors used In funding N/A N/A projections.

5 Any contracts upon which the licensee is relying None None pursuant to 10 CFR 50.75(e)(1)(v).________ ____1 __________

6 Any modifications to a licensee's current method of providing financial assurance occurring since the last submitted report. ____________

None

.___________ None

! 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-radilocgical systems and structures Is not Included in th~e 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.

The Water, Light and Sinking Fund Commission of The City of Dalton, GA D/B/A Dalton Utilities Nuclear Decommissioning Funds Investment Balances December 31, 2014 Morgan Stanley (formerly Bank of New York) Morgan Stanley (formerly Wachovia Bank) Total Funds

.Carrying ValuE Market Value P..ar Value Carryilnn ValueMarket Value Paar Value Carryinq Value Market Value PeVau Plant Hatch Unit 1 11,417,193 12,151,911 12,281,000 6,173,226 6,061,457 5,964,200 17,590,419 18,213,368 18,245,200 Unit 2 10,614,525 11,740,884 12,491,000 6,739,227 5,856,434 6,066,185 16,353,752 17,597,318 18,557,185 Total 22,031,719 23,892,795 24,772,0(00 11,912,452 11,917,891 12,030,385 33,944,171 35,810,686 36,802,385 Plant Vootle Unit I 5,585,257 5,983,747 5,601,0600 3,019,924 2,984,734 2,720,095 8,605,181 8,968,481 8,321,095 Unit 2 5,760,006 5,768,327 5,760,000 3,114,409 2,877,282 2,797,312 8,874,415 8,645,609 8,557,312 Total 11,345,263 11,752,074 11,361,000 6,134,333 5,862,016 5,517,407 17,479,596 17,614,090 16,878,407 18,046,785 17,779,907 17,547,792 51,423,767 53,424,776 53,680,792 Grand Total 33,376,982 35,644,869 36,133,000 2014 Nuclear Decomm Funds-NRC Filing.xls

Retrieved from "https://kanterella.com/w/index.php?title=NL-15-0581,_Dalton_Utilities_Response_on_Financial_Assurance_Requirements_for_Decommissioning_Nuclear_Power_Reactors_(10_CFR_50.75(f)(1))&oldid=2023820"