NL-17-0434, Financial Assurance Requirements for Decommissioning Nuclear Power Reactors
| ML17089A512 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 03/30/2017 |
| From: | Hutto J Southern Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NL-17-0434 | |
| Download: ML17089A512 (23) | |
Text
A Southern Nuclear March 30, 2017 Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission A TIN: Document Control Desk Washington, D. C. 20555-0001 J. J. Hullo Regulatory Affairs Director Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Ladies and Gentlemen:
40 Inverness Center Parkway Post Ollice Box 1295 Birmingham, AL 35242 205 992 5812 lei 205 992 7601 lax UhulloDsouthemco.com NL-17-0434 10 CFR 50.75(1)(1)
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. Southern Nuclear Operating Company (Southern Nuclear) holds operating licenses NPF-68 and NPF-81 for the Vogtle Electric Generating Plant Unit 1 and Unit 2, respectively, owned by Georgia Power Company, Oglethorpe Power Corporation, Municipal Electric Authority of Georgia, and Dalton Utilities. Accordingly, Southern Nuclear provides the enclosed submittals in accordance with the requirements of 10 CFR 50.75(1)(1).
This letter contains no NRC commitments. If you have any questions, please contact Ken McElroy at 205.992.7369.
Respectfully submitted, J. J. Hutto Regulatory Affairs Director JJH/eb/lac
Enclosures:
- 1. Georgia Power Company Response
- 2. Oglethorpe Power Corporation Response
- 3. Municipal Electric Authority of Georgia Response
- 4. Dalton Utilities Response
U.S. Nuclear Regulatory Commission NL-17-0434 Page2 cc:
Southern Nuclear Operating Company Mr. S. E. Kuczynski, Chairman, President & CEO Mr. D. G. Bost, Executive Vice President & Chief Nuclear Officer Mr. B. K. Taber, Vice President-Vogtle 1 & 2 Mr. M. D. Meier, Vice President-Regulatory Affairs Mr. B. J. Adams, Vice President-Engineering Mr. D. D. Sutton, Regulatory Affairs Manager-Vogtle 1 & 2 RType: CVC7000 Georgia Power Ms. A. P. Daiss, Comptroller, CAO, and Senior V. P.
Oglethorpe Power Ms. A. F. Appleby, Vice President, Teasurer Municipal Electric Authority of Georgia Mr. E. E. Easterlin, Sr., Senior V.P. and CFO City of Dalton Mr. Tom Bundros, CEO and President, Dalton Utilities U.S. Nuclear Regulatory Commission Ms. C. Haney, Regional Administrator Mr. M. D. Orenak, NRR Project Manager-Vogtle 1 &2 Mr. M. F. Endress, Senior Resident Inspector-Vogtle 1 & 2
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Georgia Power Company Response
.t. Georgia Power March 7, 2017 Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission A TIN: Document Control Desk Washington, D.C. 20555 David Poroch VIce President & Comptroller Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors 00 CFR 50.75(f)(l))
Dear Ladies and Gentlemen:
241 Ralph McGill Blvd, NE Atlanta, GA 30308 404 506 0997 tel dporoch 0 southemco.com Pursuantto 10 CFR 50.75(f)(l),eachpowerreactorlicenseeisrequired 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, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(l) 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 ofGPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning 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 if you have any questions or comments regarding the information provided herein.
Respectfully submitted, GEORGIA POWER COMPANY, by,
1 2
3 4
5 6
7 NOTES:
Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage - 45.7%
10 CFR 50.75(1)(1) Requirement Unit 1 The NRC minimum decommissioning estimate,
$203,616,000 2 pursuant to 10 CFR 50.75(b) and (c). 1 The amount accumulated at the end of the
$127,774,550 3 calendar year preceding the date of the report for Items Included In 10 CFR 50.75(b) and (c).
A schedule of the annual amounts remaining to be See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
The assumptions used regarding:
(a) rates of escalation In decommissioning 2.49%
costs;
{b) rates of earnings on decommissioning 4.49%
funds; (c) real rate of return; and 2.00%
{d) rates of other factors used In funding None projections.
Any contracts upon which the licensee is relying None pursuant to 10 CFR 50.75(e)(1)(v).
Any modifications to a licensee's current method No modifications since the of providing financial assurance occurring since last report. Funding Is to an the last submitted report.
external sinking fund with the sources of funds from traditional cost of service ratemaklng as ordered by the GPSC.
Any material changes to trust agreements.
None Unlt2
$203,616,000 2
$137,930,256 3 See Schedule in 2.49%
4.49%
2.00%
None None No modifications since the last report. Funding Is to an external sinking fund with the sources of funds from traditional cost of service ratemaklng as ordered by the GPSC.
None 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. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
3 This amount represents the December 31, 2016 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 of $4,264,153 for Unit 1 and $9,641,516 for Unit 2, which are funded through rates In accordance with Georgia Public Service Commission Orders.
Schedule of the Annual Amounts Remaining to be Collected
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12/31/2016 Fund Balances (Amounts In Thousands)
VOGTLE1 BEG OF YEAR FUND FUND FUND BAL EARNINGS CONTRIB Adjusted Annual Expend END OF YEAR FUND BAL
$ 127,n5 $
5,755 $
495 134,024 134,024 6,035 495 140,555 140,555 6,329 495 147,378 147,378 6,635 495 154,508 154,508 6,955 495 161,959 161,959 7,290 495 169,743 169,743 7,639 495 1n,877 1n,8n 8,004 495 186,3n 186,3n 8,386 495 195,258 195,258 8,785 495 204,538 204,538 9,201 495 214,234 214,234 9,637 495 224,366 224,366 10,092 495 234,953 234,953 10,567 495 246,015 246,015 11,064 495 257,574 257,574 11,583 495 269,651 269,651 12,125 495 282,271 282,271 12,692 495 295,458 295,458 13,284 495 309,237 309,237 13,902 495 323,634 323,634 14,549 495 338,678 338,678 15,224 495 354,398 354,398 15,930 495 370,823 370,823 16,668 495 387,985 387,985 17,438 495 405,919 405,919 18,243 495 424,657 424,657 19,085 495 444,237 444,237 19,964 495 464,696 464,696 20,883 495 486,074 486,074 21,842 495 508,411 508,41_!_ '---
12,659 521,070 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING Based on 12131/2016 Fund Balances (Amounts In Thousands)
VOGTLE2 BEGOF.
YEAR FUND FUND FUND BAL EARNINGS CONTRIB 137,930 $
6,193 144,123 6,471 150,594 6,762 157,356 7,065 164,421 7,383 171,804 7,714 179,518 8,060 187,578 8,422 196,001 8,800 204,801 9,196 213,997 9,608 223,605 10,040 233,645 10,491 244,136 10,962 255,097 11,454 266,551 11,968 278,519 12,506 291,025 13,067 304,092 13,654 317,745 14,267 332,012 14,907 346,920 15,5n 362,496 16,276 378,772 17,007 395,779 17,770 413,550 18,568 432,118 19,402 451,520 20,273 471,794 21,184 492,977 22,135 515,112 23,129 538,240 24,167 562,407 14,004 Adjusted Annual Expend END OF YEAR FUND BAL 144,123 150,594 157,356 164,421 171,804 179,518 187,578 196,001 204,801 213,997 223,605 233,645 244,136 255,097 266,551 278,519 291,025 304,092 317,745 332,012 346,920 362,496 378,772 395,n9 413,550 432,118 451,520 471,794 492,977 515,112 538,240 562,407 576,411
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Oglethorpe Power Corporation Response
-OglethorpePower An Electric Membership Corporation March 9, 2017 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. Oglethorpe Power Corporation (OPC) 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 Unit 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 OPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning 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 if you have any questions or comments regarding the information provided herein.
Respectfully submitted,
~)- ~
Anne F. Appleby Vice President, Treasurer Oglethorpe Power Corporation Enclosure Oglethorpe Power Corporation
- 2100 East Exchange Place* Tucker, GA 30084-5336 Phone 770-270-7600 Fax 770-270-7872 e A member of the National Rural Electric Cooperative A!isociation
1 2
3 4
5 6
7 Enclosure Vogtle Electric Generating Plant Oglethorpe Power Corporation Ownership Percentage - 30.0%
10 CFR 50.75(f)(1) Requirement Unit 1 The NRC minimum decommissioning estimate,
$133,665,000 2 pursuant to 10 CFR 50.75(b) and (c). 1 The amount accumulated at the end of the
$78,988,000 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).
A schedule of the annual amounts remaining to be See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
The assumptions used regarding:
(a) rates of escalation in decommissioning 2.49%
costs; (b) rates of earnings on decommissioning 5.00%
funds;*
(c) real rate of return; and 2.51%
(d) rates of other factors used in funding None projections.
Any contracts upon which the licensee is relying None pursuant to 10 CFR 50.75(e)(1)(v).
Any modifications to a licensee's current method None of providing financial assurance occurring since the last submitted report.
Any material changes to trust agreements.
In May 2015 replaced the large cap equity manager with another large cap equity manager. In February 2017 replaced the small cap equity manager with a small/mid cap equity manager Unit 2
$133,665,000 2
$71,549,000 See Schedule in 2.49%
5.00%
2.51%
None None None In May 2015 replaced the large cap equity manager with another large cap equity manager. In February 2017 replaced the small cap equity manager with a small/mid cap equity manager
- As a rural electrrc cooperative, OPC's budget IS approved by 1ts Board of Directors annually. The budget includes a 5% rate of earnings assumption for the Hatch and Vogtle Nuclear Decommissioning Trust Funds.
The 5% rate of earnings assumption less the 2.49% escalation rate results in a real rate of return of 2.51%
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. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
Schedule of the Annual Amounts Remaining to be Collected Oglethorpe Power Corporation 2016 NRC MINIMUM Vogtle 1 Vogtle 2
!'.arnings Rate:
5 Earnings Rate:
'i Balance Balance Balance Balance Year Begin Year Earnings Contribution End Year Year Begin Year r*:arnings Contribution l*:nd Year
- ------- -*---- -----*-- --------- -----~ * ----
-~-***--
2016 73,473,511 3,673,676 0
78,987,518 2016 66.554,510 3,327,726 0
71,549,263 2017 78,987,518 3,949,376 0
82,936,894 2017 71,549,2().)
3,'i77,463 0
75,126,726 2018 82,936,891 4,146,845 0
87,083,739 2018 71,126,726 3,756r)36 0
78,883,062 2019 87,083,739
'1,354,187 0
91,437,926 2019 78,883,062 3,944,153 0
82,827,216 2020 91,437,926 4,571,896 0
96,009,822 2020 82,827,216 4,141,361 0
86,968,576 2021 96,009,822 4,800,491 0
100,810,313 2021 86,968,576 4,348,429
()
91,317,005 2022 100,810,313 5,040,516 0
1 05,8'i0,829 2022 91,317,005 4,565,850 0
95,882,855 2023 105,850,829 5,292,541 0
111,143,370 2021 95,882,855 4,794,143 0
100,676,998 2024 111,143,370 5,557,168 0
116,700,538 2024 100,676,998 5,033,850 0
105,710,848 2025 116,700,538 5,835,027 0
122,535,565 2021 105,710,848 5,285,542 0
110,996,391 2026 122,535,565 6,126,778 0
128,662,344 2026 110,996,391 5,549,820 0
116,546,210 2027 128,662,344 6,433,117 0
135,095,461 2027 116,5t\\6,21 0 5,827,311 0
122,373,521 2028 135,095,461 6,754,773 0
141,850,234 2028 122,373,521 6,118,676
()
128,492,197 2029 141,850,234 7,092,512 0
148,942,746 2029 128,492,197 6,424,610 0
134,916,806 2030 148,942,7 46 7,447,137 0
156,389,883 2030 134,916,806 6,745,840 0
141,662,647 2031 156,389,883 7,819,494 0
164,209,377 2031 141,662,647 7,083,132 0
148,745,779 2032 164,209,377 8,210,469 0
172,419,846 2032 148,745,779 7,437,289 0
156,183,068 2033 172,419,846 8,620,992 0
181,040,838 2033 156,183,068 7,809,153 0
163,992,221 2034 181,040,838 9,052,042 0
190,092,880 2034 163,992,221 8,199,611 0
172,191,832 2035 190,092,880 9,504,644 0
199,597,524 2035 172,191,832 8,609,592 0
180,801,424 2036 199,597,524 9,979,876 0
209,577,400 2036 180,801,424 9,040,071 0
189,841,495 2037 209,577,400 10,478,870 0
220,056,270 2037 189,841,495 9,492,075 0
199,333,570 2038 220,056,270 11,002,814 0
231,059,08'1 2038 199,333,570 9,966,679 0
209,300,249 2039 231,059,084 11,552,954 0
242,612,038 2039 209,300,249 10,465,012 0
219,765,261 2040 242,612,038 12,130,602 0
254,742,640 2040 219,765,261 10,988,263 0
210,753,524 2041 254,742,640 12,737,132 0
267,479,772 2041 230,753,524 11,537,676 0
242,291,200 2042 267,479,772 13,373,989 0
280,853,760 2042 242,291,200 12,114,560 0
254,405,760 2043 280,853,760 14,042,688 0
29 *~.896,448 2043 254,405,760 12,720,288 0
267,126,048 2044 294,896,448 14,744,822 0
309,641,271 2044 267,126,048 13,356,302 0
280,482,351 2045 309,641,271 15,482,064 0
325,123,134 2045 280,482,351 14,024,118 0
294,506,468 2046 325,123,334 16,256,167 0
341,379,501 2046 294,506,468 14,725,323 0
309,231,792 2047 341,379,501 17,068,975 0
358,448,476 2047 309,231,792 15,461,590 0
324,693,381 2048 324,693,381 16,234,669 0
340,928,050 2049 340,928,050 17,046,403 -
357,974,453 293,647,000 308,453,000 NRC Min NRC Min from 2/17 letter from 2/17 letter
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Municipal Electric Authority of Georgia Response
March 23, 2017 Docket Nos.: 50-424 50-425 U.S. Nuclear Regulatory Commission ATIN: 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, Municipal Electric Authority of Georgia (MEAG) 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 MEAG.
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 if you have any questions or comments regarding the information provided herein.
Respectfully submitted, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA, by, Enclosure POWER Municipal Electric Authm*ity of Gcol'j;ia 1470 Rivcrcclge Puo*kway NW Atlanta, Georgia 30328*1610 1 ~800 -333 -MEAG 770-563-0300 Fox 770-953-3141
1 2
3 4
5 6
7 Enclosure Vogtle Electric Generating Plant Municipal Electric Authority of Georgia Ownership Percentage-22.7%
10 CFR 50.75(f)(1) Requirement Unit 1 The NRC minimum decommissioning estimate, pursuant to 10 CFR 50.75(b) and (c). 1
$101 '140,000 2 The amount accumulated at the end of the calendar year preceding the date of the report for
$111,947,589 items included in 10 CFR 50.75(b) and (c).
A schedule of the annual amounts remaining to be See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
The assumptions used regarding:
(a) rates of escalation in decommissioning 2.49%
costs; (b) rates of earnings on decommissioning 4.15%
funds; (c) real rate of return; and 1.66%
(d) rates of other factors used in funding None projections.
Any contracts upon which the licensee is relying MEAG Power Sales pursuant to 10 CFR 50.75(e)(1)(v).
Contracts Any modifications to a licensee's current method None of providing financial assurance occurring since the last submitted report.
Any material changes to trust agreements.
None NOTES:
Unit2
$101,140,000 2
$107,008,868 See Schedule in 2.49%
4.15%
1.66%
None MEAG Power Sales Contracts None None 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. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy.
Schedule of the Annual Amounts Remaining to be Collected
Calendar Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Total MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund-Vogtle 1 (Dollars in T!lousa11ds)
Balance at Less:
Balance at Beg. of Year Contributions (I)
Eamin~s Fees End ofYear (A)
(B)
(C)
(D)
(E) 111,948 111,948 4,643 (173) 116,418 116,418 4,828 (180) 121,066 121,066 5,021 (187) 125,900 125,900 5,222 (194) 130,928 130,928 5,430 (202) 136;156 136,156 5,647 (210) 141,593 141,593 5,873 (218) 147,247 147,247 6,107 (227) 153,128 153,128 6,351 (236) 159,243 159,243 6,605 (245) 165,602 165,602 6,868 (255) 172,215 172,215 7,143 (265) 179,093 179,093 7,428 (275) 186,246 186,246 7,725 (286) 193,684 193,684 8,033 (298) 201,419 201,419 8,354 (309) 209,463 209,463 8,687 (322) 217,829 217,829 9,034 (334) 226,529 226,529 9,395 (348) 235,577 235,577 9,771 (364) 244,983 244,983 10,161 (379) 254,765 254,765 10,566 (394) 264,938 264,938 10,988 (409) 275,517 275,517 11,427 (431) 286,513 286,513 11,883 (448) 297,948 297,948 12,357 (466) 309,839 309,839 12,851 (484) 322,206 322,206 13,363 (503) 335,066 335,066 13,897 (523) 348,440 348,440 14,452 (544) 362,348 362,348 1,252 (47) 363,553 261,363 (9,757)
Footnotes:
(I)- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit One are being suspended.
Date: 3/23/20 17; Time: 9:52 AM
Calendar Year 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Total MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund-Vogtle 2 (Dollars in Thousands)
Balance at Less:
Balance at Beg. of Year Contributions (I)
Earnings Fees End of Year (A)
(8)
(C)
(D)
(E) 107,009 107,009 4,438 (165) 111,282 111,282 4,615 (172) 115,725 115,725 4,800 (179) 120,346 120,346 4,991 (186) 125,152 125,152 5,191 (193) 130,149 130,149 5,398 (201) 135,347 135,347 5,613 (209) 140,751 140,751 5,838 (217) 146,372 146,372 6,071 (225) 152,217 152,217 6,313 (234) 158,296 158,296 6,565 (244) 164,618 164,618 6,828 (253) 171,192 171,192 7,100 (263) 178,029 178,029 7,384 (274) 185,139 185,139 7,679 (285) 192,533 192,533 7,985 (296) 200,223 200,223 8,304 (308) 208,219 208,219 8,636 (320) 216,535 216,535 8,981 (332) 225,184 225,184 9,340 (348) 234,175 234,175 9,712 (362) 243,526 243,526 10,100 (376) 253,250 253,250 10,504 (391) 263,362 263,362 10,923 (412) 273,873 273,873 11,359 (428) 284,803 284,803 11,812 (445) 296,170 296,170 12,284 (463) 307,991 307,991 12,774 (481) 320,284 320,284 13,284 (500) 333,068 333,068 13,814 (520) 346,362 346,362 14,365 (540) 360,188 360,188 14,939 (562) 374,565 374,565 2,589 (101) 377,053 280,529 (10,484)
Footnotes:
(I)- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit Two are being suspended.
Date: 3/23/20 17; Time: 9:52 AM
Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors Dalton Utilities Response
Docket Nos.: 50-424 50-425
~
Dalton UTILITIES 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 if you have any questions or comments regarding th~ information provided herein. Respectfully submitted, Dalton Utilities, by, Enclosure 1200 V.D. Parrott, Jr. Parkway ~ P.O. Box 869.of Dalton, GA 30722
- 706.278.1313
- 706.278.7230 Fax,._ www.dutil.com gfptilinR WhAt is POSSIBLti:
1 2 3 4 5 6 7 NOTES: Enclosure Vogtle Electric Generating Plant Dalton Utilities Ownership Percentage -1.6% 10 CFR 50.75(f)(1) Requirement Unit 1 The NRC minimum decommissioning estimate, $7,129,000 2 pursuant to 10 CFR 50.75(b) and (c). 1 The amount accumulated at the end of the calendar year preceding the date of the report for $10,577,080 items included in 10 CFR 50.75(b) and (c). A schedule of the annual amounts remaining to be See Schedule in collected, for items in 10 CFR 50.75(b) and (c). The assumptions used regarding: (a) rates of escalation in decommissioning 2.49% costs; (b) rates of earnings on decommissioning 2.269% funds; (c) real rate of return; and -.221% (d) rates of other factors used in funding N/A projections. Any contracts upon which the licensee is relying None pursuant to 10 CFR 50.75(e)(1 )(v). Any modifications to a licensee's current method None of providing financial assurance occurring since the last submitted report. Any material changes to trust agreements. None Unit 2 $7,129,000 2 $10,127,249 See Schedule in 2.49% 2.269% -.221% N/A None None None 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. 16, for the burial factor (Option 2) and the December 2016 BLS data for labor and energy. Schedule of the Annual Amounts Remaining to be Collected
Vogtle 1 Earnings Rate Balance Year Beginning of Year 2016 10,342,411 2017 10,577,080 2018 10,817,074 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 11,062,513 11,313,522 11,570,226 11,832,754 12,101,239 12,375,816 12,656,624 12,943,802 13,237,497 13,537,856 13,845,030 14,159,174 14,480,445 14,809,007 15,145,023 15,488,664 15,840,101 16,199,513 16,567,080 16,942,987 17,327,424 17,720,583 18,122,663 18,533,866 18,954,400 19,384,475 19,824,309 20,274,122 20,734,142 Schedule of the Annual Amounts Remaining to be Collected Dalton Utilities 2.269 Earnings Contribution 234,669 0 239,994 0 245,439 0 251,008 256,704 262,528 268,485 274,577 280,807 287,179 293,695 300,359 307,174 314,144 321,272 328,561 336,016 343,641 351,438 359,412 367,567 375,907 384,436 393,159 402,080 411,203 420,533 430,075 439,834 449,814 460,020 470,458 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2016 NRC MINIMUM Balance End of Year 10,577,080 10,817,074 11,062,513 11,313,522 11,570,226 11,832,754 12,101,239 12,375,816 12,656,624 12,943,802 13,237,497 13,537,856 13,845,030 14,159,174 14,480,445 14,809,007 15,145,023 15,488,664 15,840,101 16,199,513 16,567,080 16,942,987 17,327,424 17,720,583 18,122,663 18,533,866 18,954,400 19,384,475 19,824,309 20,274,122 20,734,142 21,204,600 15,281,110 NRC Minimum from 2/17 letter Vogtle 2 Earnings Rate 2.269 Balance 9897462 Balance Year Beginning of Year Earnings Contribution End of Year 2016 9,902,560 224,689 0 10,127,249 2017 10,127,249 229,787 0 10,357,036 2018 10,357,036 235,001 0 10,592,037 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 10,592,037 240,333 10,832,371 245,786 11,078,157 251,363 11,329,521 257,067 11,586,587 262,900 11,849,487 268,865 12,118,352 274,965 12,393,317 281,204 12,674,522 287,585 12,962,107 294,110 13,256,217 300,784 13,557,000 307,608 13,864,609 314,588 14,179,197 321,726 14,500,923 329,026 14,829,949 336,492 15,166,440 344,127 15,510,567 351,935 15,862,501 359,920 16,222,422 368,087 16,590,508 376,439 16,966,947 384,980 17,351,927 393,715 17,745,642 402,649 18,148,291 411,785 18,560,076 421,128 18,981,204 430,684 19,411,887 440,456 19,852,343 450,450 20,302,793 460,670 20,763,463 471,123 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,832,371 11,078,157 11,329,521 11,586,587 11,849,487 12,118,352 12,393,317 12,674,522 12,962,107 13,256,217 13,557,000 13,864,609 14,179,197 14,500,923 14,829,949 15,166,440 15,510,567 15,862,501 16,222,422 16,590,508 16,966,947 17,351,927 17,745,642 18,148,291 18,560,076 18,981,204 19,411,887 19,852,343 20,302,793 20,763,463 21,234,586 16,051,584 NRC Minimum from 2/17 letter}}