NRC-03-0033, Decommissioning Funding Status Report for Fermi 2

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Decommissioning Funding Status Report for Fermi 2
ML030980671
Person / Time
Site: Fermi DTE Energy icon.png
Issue date: 03/28/2003
From:
Detroit Edison
To:
Document Control Desk, Office of Nuclear Reactor Regulation
References
NRC-03-0033
Download: ML030980671 (3)


Text

Fermi 2 6400 North Dixie Hwy, Newport, MI 48166 Detroit Edisoi 7F 10CFR50.75(f)(1)

March 28, 2003 NRC-03-0033 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington D C 20555-0001

Reference:

Fermi 2 NRC Docket No. 50-341 NRC License No. NPF-43

Subject:

Decommissioning Funding Status Report for Fermi 2 This letter provides the report required by 10 CFR 50.75(f)(1) on the status of Detroit Edison's decommissioning fund for Fermi 2.

Fermi 2 is an operating boiling water reactor with a licensed power of 3430MWt. Its operating license expires in 2025.

The requested annual decommissioning fund information for Fermi 2, reported in 2002 dollars, is provided as an enclosure to this letter. An external sinking fund is being used to accumulate monies for the decommissioning of Fermi 2.

Should you have any questions or require additional information, please contact Mr. Norman K. Peterson of my staff at (734) 586-4258.

Sincerely, Und

'7 Enclosure cc: J. F. Stang, Jr.

NRC Resident Office NRC Region HI A DTE Energy Company G~o I

Enclosure to NRC-03-0033 Page 1 ENCLOSURE TO NRC-03-0033 FERMI 2 NRC DECOMMISSIONING FUNDING STATUS REPORT Fermi 2 NRC Docket No. 50-341 NRC License No. NPF-43

Enclosure to NRC-03-0033 Page 2 NRC Decommissioning Funding Status Report Fermi 2 (Millions of Dollars)

1. The decommissioning cost estimate, pursuant $679,185,000 to IOCFR50.75 (b) and (c)':
2. The amount accumulated at the end of calendar year preceding $371,836,360 the date of the report for items included in 10CFR50.75 (b)and (c):
3. The schedule of the annual amounts remaining to be collected for items in 10 CFR 50.75 (b) and (c).

amount remaining (1-2): $307,348,640

  1. years to collect (2003-2025): 22
4. The assumptions used regarding rates of escalation in decommissioning cost, rates of earnings on decommissioning fund, and rates of other factors used in funding projections:

All decommissioning costs are assumed to increase at 6.0% annually; decommissioning funds are assumed to earn at 7.0% annually after-tax.

5. Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75 (e) (1)(v): None
6. Any modifications to the current method of providing financial assurance occurring since the last submitted report: None
7. Any material changes to the trust agreement: None I 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 are 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.