NOC-AE-15003213, Notice Regarding Withdrawal of Funds from Nuclear Decommissioning Trust Sub-Accounts

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Notice Regarding Withdrawal of Funds from Nuclear Decommissioning Trust Sub-Accounts
ML15029A498
Person / Time
Site: South Texas  STP Nuclear Operating Company icon.png
Issue date: 01/19/2015
From: Harrison G
South Texas
To:
Office of Nuclear Material Safety and Safeguards
References
NOC-AE-15003213, STI: 34038739, TAC ME3296, TAC ME3297
Download: ML15029A498 (3)
v • d • e


Text

MMIF" Nuclear Operating Company South T.s Pro/d Elect& Generaftn StaUon P.. Box289 Mdwo Tenxs 77483

U.S. Nuclear Regulatory Commission ATTN: Office of Nuclear Material Safety and Safeguard Washington, D.C. 20555-0001 South Texas Project Units 1 and 2 Docket Nos. STN 50-498 and STN 50-499 Notice Regarding Withdrawal of Funds from Nuclear Decommissioning Trust Subaccounts Reference(s): (1) Letter from G.R. Harrison to NRC Document Control Desk, "Supplement 2 to Notice Regarding withdrawal of Funds from Nuclear Decommissioning Trust Subaccounts," dated February 11, 2010 (NOC-AE-10002519) (ML100501159)

(2) Letter from J.G. Giitter to E.D. Halpin, "Notice of Planned Withdrawal of Funds from NRG South Texas Nuclear Decommissioning Trust Fund Subaccounts (TAC NOS. ME3296 and ME3297)," dated July 6, 2010 (ML101580250)

STP Nuclear Operating Company ("STPNOC"), acting on behalf of NRG South Texas LP

("NRG South Texas"), hereby provides Notice of planned withdrawals of up to $23 million from NRG South Texas's spent fuel management subaccounts in its nuclear decommissioning trust funds (NDTs) in order to pay for NRG South Texas's share of spent fuel management expenses incurred through December 31, 2015.

In accordance with conditions imposed by prior Order of the U.S. Nuclear Regulatory Commission ("NRC"), Section 2.04 of the trust agreements governing the NRG South Texas NDTs requires that Notice be provided to the NRC at least thirty days prior to any disbursement from the NDTs, other than disbursements to pay administrative costs. NRG South Texas created the spent fuel management subaccounts pursuant to the terms of an Order issued by the Public Utility Commission of Texas on October 10, 2008. Further details regarding the spent fuel management subaccounts were provided in Reference 1, and these subaccounts were evaluated by the NRC staff in Reference 2, in connection with a prior notice of planned withdrawals from NRG South Texas's large component disposal subaccounts.

STI: 34038739

NOC-AE- 15003213 Page 2 of 3 NRG South Texas now desires to withdraw funds to pay for spent fuel management expenses.

Notice is hereby given that monthly or quarterly withdrawals are planned in order to fund the spent fuel management expenses incurred through the calendar year of 2015. NRG South Texas currently expects to make withdrawals on a quarterly basis, and therefore, its first withdrawal is expected to be made in April 2015, with subsequent withdrawals to follow in July 2015, October 2015 and January 2016.

STPNOC plans to make further annual Notices to NRC regarding planned withdrawals for spent fuel management expenses incurred in 2016 and other future years. The proposed amounts of withdrawals will likely vary from year to year, due to a variety of factors such as annual fluctuations in expenses, the expected recoveries of certain costs from the U.S. Department of Energy (DOE), and the timing of payments made by DOE, which are expected to provide a further source of funding for ongoing spent fuel management activities.

Provided that the NRC staff has no objection to the planned withdrawals, no further action by the NRC is required. Under the terms of the trust agreements, NRG South Texas will be authorized to make such withdrawals unless the NRC staff makes a written objection to the Trustee within 30 days after this Notice or prior to any actual disbursement.

This letter contains no new commitments.

If NRC requires additional information concerning this request, please contact Hung C. Le at (361) 972-7932 or me at (361) 972-8074.

George R. Harrison, Executive Vice President and Chief Financial Officer HCL

NOC-AE-15003213 Page 3 of 3 cc:

(paper copy) (electronic copy)

Regional Administrator, Region IV Steve Frantz U. S. Nuclear Regulatory Commission Morgan, Lewis & Bockius LLP 1600 East Lamar Boulevard Arlington, TX 76011-4511 Lisa M. Regner U. S. Nuclear Regulatory Commission Lisa M. Regner John Ragan Senior Project Manager Chris O'Hara U.S. Nuclear Regulatory Commission Jim von Suskil One White Flint North (MS 8 G9A) NRG South Texas LP 11555 Rockville Pike Rockville, MD 20852 NRC Resident Inspector Kevin Pollo U. S. Nuclear Regulatory Commission Cris Eugster P. 0. Box 289, Mail Code: MN 116 L. D. Blaylock Wadsworth, TX 77483 CPS Energy Attention: Document Control Desk U. S. Nuclear Regulatory Commission Peter Nemeth Washington, DC 20555-0001 Crain Caton & James, P.C.

C. Mele John Wester City of Austin Richard A. Ratliff Texas Department of State Health Services Robert Free Texas Department of State Health Services

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