NOC-AE-07002132, 2007 Decommissioning Funding Status Report Effective December 31, 2006

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2007 Decommissioning Funding Status Report Effective December 31, 2006
ML070920294
Person / Time
Site: South Texas  STP Nuclear Operating Company icon.png
Issue date: 03/27/2007
From: Harrison G
South Texas
To:
Document Control Desk, NRC/NRR/ADRO
References
G25, NOC-AE-07002132, STI: 32131153
Download: ML070920294 (19)
v • d • e


Text

Nuclear Operating Company South Texas Projed Ekctric GeneratinfgStit]on P. Box289 Wadsworth, Tewas 77483 -

March 27, 2007 NOC-AE-07002132 File No.: G25 10 CFR 50.75 U. S. Nuclear Regulatory Commission Attention: Document Control Desk One White Flint North 11555 Rockville Pike Rockville, MD 20852-2738 South Texas Project Units 1 and 2 Docket Nos. STN 50-498, STN 50-499 2007 Decommissioning Funding Status Report Pursuant to 10 CFR 50.75(f), the STP Nuclear Operating Company (STPNOC) submits the attached reports on the status of funds available for decommissioning South Texas Project Units 1 and 2 effective December 31, 2006. The data were assembled by the individual co-owners of the South Texas Project:

" NRG South Texas, LP;

  • City Public Service Board of San Antonio; and
  • City of Austin - Austin Energy.

The attached reports provide the following information for each co-owner:

  • Estimated amount of decommissioning funds required;
  • Amount accumulated by the end of calendar year 2006;
  • A schedule of the annual amounts remaining to be collected;
  • Assumptions used regarding rates of escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections;
  • Modifications to method of providing financial fund assurance; and
  • Material changes to trust agreements.

There are no commitments in this letter.

If there are any questions, please contact either Mr. Philip L. Walker at (361) 972-8392 or me at (361) 972-8074. ( Geosg 7

'Geog Hrrison Manager, Financial Services PLW Attachments:

1. 2007 Decommissioning Funding Status Report - NRG South Texas LP
2. 2007 Decommissioning Funding Status Report - City Public Service Board of San Antonio
3. 2007 Decommissioning Funding Status Report - City of Austin - Austin Energy STI: 32131153

NOC-AE-07002132 Page 2 of 2 cc:

(paper copy) (electronic copy)

Regional Administrator, Region IV A. H. Gutterman, Esquire U.S. Nuclear Regulatory Commission Morgan, Lewis & Bockius LLP 611 Ryan Plaza Drive, Suite 400 Arlington, Texas 76011-8064 Mohan C. Thadani U. S. Nuclear Regulatory Commission Richard A. Ratliff Steve Winn Bureau of Radiation Control Christine Jacobs Texas Department of Health Eddy Daniels 1100 West 4 9th Street Marty Ryan Austin, TX 78756-3189 NRG South Texas LP Senior Resident Inspector J. J. Nesrsta U. S. Nuclear Regulatory Commission R. K. Temple P. 0. Box 289, Mail Code: MN1 16 E. Alarcon Wadsworth, TX 77483 City Public Service C. M. Canady Jon C. Wood City of Austin Matthews & Branscomb Electric Utility Department 721 Barton Springs Road C. Kirksey Austin, TX 78704 City of Austin

ATTACHMENT 1 SOUTH TEXAS PROJECT 2007 DECOMMISSIONING FUNDING STATUS REPORT NRG SOUTH TEXAS LP

Attachment 1 NOC-AE-07002132 Page 1 of 8 2007 DECOMMISSIONING FUNDING STATUS REPORT NRG South Texas, LP 13.2% Ownership of South Texas Project Unit 1 (Acquired from AEP)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $48,248,046 Required by 12/31/2006: $20,864,020

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$42,659,404

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining 2: $40,342,595 Number of Years to Collect: 20.60

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.77%

Assumed Earnings Rate: 3.28% to 6.58%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v):

None

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

None

7. Any material changes to trust agreements:

In connection with the acquisition of the 13.2% share of AEP Texas Central Company by Texas Genco LLC, new trust agreements were established between Mellon Bank, N. A. and Texas Genco, LP. Assets representing a proportionate share of the interest in the plant purchased by Texas Genco were transferred to the new trusts. In connection with the acquisition of Texas Genco LLC by NRG Energy, Inc., the list of prohibited investments under the trust agreement was expanded to include securities of NRG Energy, Inc. and its affiliates.

The NRC formulas in section 10CFR50.75(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

Attachment 1 NOC-AE-07002132 Page 2 of 8 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.

Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioning charges established in PUCT Tariff Control No. 31271. Actual collections will vary but the separate non-bypassable decommissioning charges are intended to produce the targeted annual collection amounts established in PUCT Docket No. 28840.

Attachment 1 NOC-AE-07002132 Page 3 of 8 2007 DECOMMISSIONING FUNDING STATUS REPORT NRG South Texas, LP 30.8% Ownership of South Texas Project Unit I (Acquired from Texas Genco)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $112,578,774 Required by 12/31/2006: $48,682,713

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$113,326,959

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining2: $41,486,017 Number of Years to Collect: 20.60

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.77 %

Assumed Earnings Rate: 4.47% - 6.82%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

The PUCT approved the Decommission Funds Collections Agreement by and between CenterPoint Energy (CNP), Houston Electric and Texas Genco, LP in which CNP collects the non-bypassable charges and deposits them directly into the trust.

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

None

7. Any material changes to trust agreements:

In connection with the acquisition of Texas Genco LLC by NRG Energy, Inc., the list of prohibited investments under the trust agreement was expanded to include securities of NRG Energy, Inc. and its affiliates.

The NRC formulas in section 10CFR50.75(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

Attachment 1 NOC-AE-07002132 Page 4 of 8 estimates. The costs of managing and storing spent fuel on site until transfer to DOE are not included in the cost formulas.

2 Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioning charges established in PUCT Tariff Control No. 31089. Actual collections will vary but the separate non-bypassable decommissioning charges are intended to produce the targeted annual collection amounts established in PUCT Docket No. 22355.

Attachment 1 NOC-AE-07002132 Page 5 of 8 2007 DECOMMISSIONING FUNDING STATUS REPORT NRG South Texas, LP 13.2% Ownership of South Texas Project Unit 2 (Acquired from AEP)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)':

Total Required: $48,248,046 Required by 12/31/2006: $20,314,967

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$52,165,854

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining 2: $44,268,399 Number of Years to Collect: 21.93

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.77%

Assumed Earnings Rate: 3.28% to 6.58%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None

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

None

7. Any material changes to trust agreements:

In connection with the acquisition of the 13.2% share of AEP Texas Central Company by Texas Genco LLC, new trust agreements were established between Mellon Bank, N. A. and Texas Genco, LP. Assets representing a proportionate share of the interest in the plant purchased by Texas Genco were transferred to the new trusts. In connection with the acquisition of Texas Genco LLC by NRG Energy, Inc., the list of prohibited investments under the trust agreement was expanded to include securities of NRG Energy, Inc. and its affiliates.

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

Attachment 1 NOC-AE-07002132 Page 6 of 8 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.

Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioning charges established in PUCT Tariff Control No. 31271. Actual collections will vary but the separate non-bypassable decommissioning charges are intended to produce the targeted annual collection amounts established in PUCT Docket No. 28840

Attachment 1 NOC-AE-07002132 Page 7 of 8 2007 DECOMMISSIONING FUNDING STATUS REPORT NRG South Texas, LP 30.8% Ownership of South Texas Project Unit 2 (Acquired from Texas Genco)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $112,578,774 Required by 12/31/2006: $47,401,589

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$145,810,816

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining2: $19,563,978 Number of Years to Collect: 21.93

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.77 %

Assumed Earnings Rate: 4.47% - 6.82%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

The PUCT approved the Decommission Funds Collections Agreement by and between CenterPoint Energy (CNP), Houston Electric and Texas Genco, LP in which CNP collects the non-bypassable charges and deposits them directly into the trust.

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

None

7. Any material changes to trust agreements:

In connection with the acquisition of Texas Genco LLC by NRG Energy, Inc., the list of prohibited investments under the trust agreement was expanded to include securities of NRG Energy, Inc. and its affiliates.

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

Attachment 1 NOC-AE-07002132 Page 8 of 8 estimates. The costs of managing and storing spent fuel on site until transfer to DOE are not included in the cost formulas.

Target amounts to be collected were established by the PUCT-approved separate non-bypassable decommissioning charges established in PUCT Tariff Control No. 31089. Actual collection will vary but the separate non-bypassable decommissioning charges are intended to produce the targeted annual collection amounts established in PUCT Docket No. 22355.

ATTACHMENT 2 SOUTH TEXAS PROJECT 2007 DECOMMISSIONING FUNDING STATUS REPORT CITY PUBLIC SERVICE BOARD OF SAN ANTONIO

Attachment 2 NOC-AE-07002132 Page 1 of 4 2007 DECOMMISSIONING FUNDING STATUS REPORT City Public Service Board of San Antonio 12% Ownership of South Texas Project Unit 1 (Acquired from Texas Genco)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below and the attachment for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c)1 :

Total Required: $43,861,230 Required by 12/31/2006: $18,967,018

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c).

$40,629,062

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c).

Amount Remaining: $37,266,557 Number of Years to Collect: 21

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections; Escalation Rate: 4.72%

Assumed Earnings Rate: 8%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75 (e)(1)(ii)(c);

None

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

None

7. Any material changes to trust agreements.

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.

Attachment 2 NOC-AE-07002132 Page 2 of 4 2007 DECOMMISSIONING FUNDING STATUS REPORT City Public Service Board of San Antonio 28% Ownership of South Texas Project Unit 1 As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $102,342,870 Required by 12/31/2006: $44,256,376

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$115,287,621

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c) (in current year dollars):

Amount Remaining: $51,870,000 Number of Years to Collect: 21

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.72%

Assumed Earnings Rate: 4.45% to 6.16%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None

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

None

7. Any material changes to trust agreements:

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.

Attachment 2 NOC-AE-07002132 Page 3 of 4 2007 DECOMMISSIONING FUNDING STATUS REPORT City Public Service Board of San Antonio 12% Ownership of South Texas Project Unit 2 (Acquired from AEP)

As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below and the attachment for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75 (b) and (c)1 :

Total Required: $43,861,230 Required by 12/31/2006: $18,467,886

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75 (b) and (c):

$42,040,058

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c).

Amount Remaining: $40,397,005 Number of Years to Collect: 22

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.72%

Assumed Earnings Rate: 8%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75 (e)(1)(ii)(c):

None

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

None

7. Any material changes to trust agreements:

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.

Attachment 2 NOC-AE-07002132 Page 4 of 4 2007 DECOMMISSIONING FUNDING STATUS REPORT City Public Service Board of San Antonio 28% Ownership of South Texas Project Unit 2 As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $102,342,000 Required by 12/31/2006: $43,091,735

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$140,907,093

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c) (in current year dollars):

Amount Remaining: $54,890,000 Number of Years to Collect: 22

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 4.72%

Assumed Earnings Rate: 4.45% to 6.16%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v):

None

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

None

7. Any material changes to trust agreements:

None 1 The NRC formulas in section 10CFR50.75(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.

ATTACHMENT 3 SOUTH TEXAS PROJECT 2007 DECOMMISSIONING FUNDING STATUS REPORT CITY OF AUSTIN - AUSTIN ENERGY

Attachment 3 NOC-AE-07002132 Page 1 of 2 2007 DECOMMISSIONING FUNDING STATUS REPORT City of Austin - Austin Energy 16% Ownership of South Texas Project Unit 1 As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $58,464,379 Required by 12/31/2006: $25,281,894

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$52,960,739

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining: $49,226,453 Number of Years to Collect: 21

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 5.16%

Assumed Earnings Rate: 6.0%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1)(v):

None

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

None

7. Any material changes to trust agreements.

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.

Attachment 3 NOC-AE-07002132 Page 2 of 2 2007 DECOMMISSIONING FUNDING STATUS REPORT City of Austin - Austin Energy 16% Ownership of South Texas Project Unit 2 As provided in 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC on a calendar year basis, beginning on March 31, 1999, and every 2 years thereafter, on the status of its decommissioning funding for each reactor or share of reactor it owns. Please reference the information below for the requested information:

1. The minimum decommissioning fund estimate, pursuant to 10 CFR 50.75(b) and (c)1 :

Total Required: $58,464,379 Required by 12/31/2006: $24,616,581

2. The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c):

$64,914,429

3. A schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75(b) and (c):

Amount Remaining: $56,672,918 Number of Years to Collect: 22

4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections:

Escalation Rate: 5.16%

Assumed Earnings Rate: 6.0%

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75(e)(1 )(v):

None

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

None

7. Any material changes to trust agreements:

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.

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