NRC-03-0031, Decommissioning Funding Status Report for Fermi 1
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| ML030920568 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 03/26/2003 |
| From: | O'Connor W Detroit Edison |
| To: | Document Control Desk, NRC/FSME |
| References | |
| +sunsi/sispmjr=200603, -RFPFR, NRC-03-0031 | |
| Download: ML030920568 (5) | |
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Category:Decommissioning Funding Plan DKTs 30
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Text
William T. O'Connor, Jr.
Vice President, Nuclear Generation Femi 2 6400 North Dixie Hwy., Newport, Michigan 48166 Tel: 734.586.6201 Fax: 734.686.4172 Detroit Edison 7
- A DTE Energy Company 10 CFR 50.75(f)(1)
March 26, 2003 NRC-03-0031 U. S. Nuclear Regulatory Commission Attention: Docurnent Control Desk -
Washington, DC 20555-0001
References:
- 1) Enrico Fermi Atomic Power Plant, Unit No. 1 NRC Docket No. 50-16 NRC License No. DPR-9
Subject:
Decommissioning Funding Status Report for Fermi 1 This letter provides the report required by 10 CFR 50.75(f)(1) on the status of Detroit Edison's decommissioning fund for Fermi 1.
Fermi 1 is a permanently shutdown experimental sodium cooled breeder reactor, which last operated in 1972. It is in the SAFSTOR status and its possession-only license expires in 2025. Decommissioning activities are being performed with the goal of removing the radioactive material and terminating the Fermi 1 license. The cost of decommissioning was re-evaluated. This evaluation was based on the existing site-specific estimate, adjusted by an engineering review and the creation of a full nuclear decommissioning schedule.
po
USNRC NRC-03-003 1 March 26, 2003 Page 2 The requested annual decommissioning fund information for Fermi 1, reported in 2002 dollars, is provided as an enclosure to this letter. The prepayment trust method is being used to fund these activities at Fermi 1. Fund performance and decommissioning expenditures will continue to be monitored as the project progresses. Our increase in shortfall is due to a decrease in the decommissioning fund's value and an increase in decommissioning costs.
The remaining funds will allow continued decommissioning for 3-4 additional years with enough remaining to place the facility into a safe condition. Detroit Edison has sufficient assets to make up for this shortfall to allow for complete decommissioning of the Fermi 1 facility.
Should you have any questions or require additional information, please contact Ms. Lynne Goodman of my staff at (734) 586-1205.
Sincerely, William T. O'Connor, Jr.
Vice President, Nuclear Generation WTO/DTB/ljd Enclosure cc: S. W. Brown E. Kulzer (NRC Region III)
-L. Shekter-Smith (State-of-Michigan)
Regional Administrator, Region III NRC Resident Office
USNRC NRC-03-003 1 March 26, 2003 Page 3 bcc: G. D. Cerullo D. K. Cobb W. A. Colonnello P. A. Czech D. R. Gipson L. S. Goodman P. A. Marquardt D. L. McClung J. J. Musial
- 1. O'Neill W. T. O'Connor N. K. Peterson S. Stasek D. A. Tochman Fermi I Staff Information Management (140 NOC)
NRR Chron File NRC Notebook (Fermi 1)
- "~ Enclosure NRC-03-003 1 Page 1 ENCLOSURE FERMI 1 NRC DECOMMISSIONING FUNDING STATUS REPORT Enrico Fermi Atomic Power Plant, Unit 1 NRC Docket No. 50-16 NRC License No. DPR-9
USNRC Enclosure NRC-03-003 1 Page 2 NRC Decommissioning Funding Status Report Fermi 1 (Millions of Dollars)
- 1. The decommissioning cost estimate for Fermi 1 is based on a site-
'spe~cific-esimfatea~djuisted by an nginm-e~ering re-view. ThIe Cst-imatea ~
remaining decommissioning cost in 2002 dollars. $31
- 2. The amount accumulated at the end of 2002 for decommissioning costs. $22
- 3. Amount fund is above (or below) estimated remaining costs. $(9)
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning fund, and rates of other factors used in funding projections.
The above numbers are based on the assumption that costs and fund earnings are increasing at the same rate.
- 5. Any modifications to the-current method of providing financial assurance occurring since the last submitted report: None
- 6. Any material changes to the trust agreement: None