NRC-03-0088, Decommissioning Funding Status Report for Fermi 2
| ML033240069 | |
| Person / Time | |
|---|---|
| Site: | Fermi  |
| Issue date: | 11/11/2003 |
| From: | O'Connor W Detroit Edison |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NRC-03-0088 | |
| Download: ML033240069 (2) | |
Text
Uilliam T. O'Connor, Jr.
Vice President, Nuclear Generation Fermi 2 6400 North Dixie Hwy., Newport, Michigan 48106 Tel: 734.686.6201 Fax: 734.686.4172 Detroit Edison A DTFnenrgy Company 1 OCFR50.75(f)(1)
November 11, 2003 NRC-03-0088 U. S. Nuclear Regulatory Commission Attention: Document Control Desk Washington D C 20555-0001
References:
- 1) Fermi 2 NRC Docket No. 50-341 NRC License No. NPF-43
- 2) Detroit Edison Letter to NRC, "Decommissioning Funding Status Report for Fermi 2", NRC-03-0033, Dated March 28, 2003
Subject:
Decommissioning Funding Status Report for Fermi 2 Based on a teleconference between Detroit Edison and the NRC Staff on September 25, 2003 this letter supplements Reference 2. Specifically, regarding the collections for item 3 of the enclosure to Reference 2, the collections for Fermi 2 decommissioning are included in the Company's rates. Currently, approximately S34 million is being collected per year for Fermi 2 decommissioning. The exact amount per year is based on sales. The amount being collected includes provision for site restoration, in addition to nuclear decommissioning items included in 10CFR50.75(b) and (c).
Additionally, regarding the rates of escalation in item 4 of the enclosure to Reference 2, all decommissioning costs are assumed to increase at 6.0% annually; decommissioning funds are assumed to earn at 7.0% annually after-tax, therefore, the real rate of return is less than 2%.
USNRC NRC-03-0088 Page 2 Should you have any questions or require additional information, please contact Mr. Norman K Peterson of my staff at (734) 586-4258.
Sincerely, cc:
H. K. Chemoff NRC Resident Office NRC Region III