PLA-6979, NRC Decommissioning Funding Status Report
| ML13084A376 | |
| Person / Time | |
|---|---|
| Site: | Susquehanna  |
| Issue date: | 03/25/2013 |
| From: | Helsel J Susquehanna |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| PLA-6979 | |
| Download: ML13084A376 (8) | |
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Jeffrey M. Helsel Nuclear Plant Manager PPLSusquehann~LLC 769 Salem Boulevard Berwick, PA 18603 Tel. 570.542.3510 Fax 570.542.1504 jmhelsel@pplweb.com
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U. S. Nuclear Regulatory Commission Attn: Document Control Desk Washington, DC 20555-0001 SUSQUEHANNA STEAM ELECTRIC STATION NRC DECOMMISSIONING FUNDING STATUS REPORT PLA-6979 Submitted pursuant to 10 CFR 50.75 Docket Nos. 50-387 and 50-388 This letter provides decommissioning information for the PPL Susquehanna, LLC (PPL) ninety percent interest in Susquehanna Unit 1 and Unit 2 (SSES) as required by 10 CFR 50.75 "Reporting and Recordkeeping for Decommissioning Planning,"
Section (+/-)(1). contains the PPL decommissioning funding status report at December 31, 2012, submitted biennially to comply with 10 CFR 50.75(+/-)(1).
If you have any questions regarding the decommissioning report, please direct them to Mr. John Tripoli, Manager-Nuclear Regulatory Affairs, at (570) 542-3100.
There are no regulatory commitments identified in this letter. : NRC Decommissioning Funding Status Report December 31, 2012 Copy:
NRC Region I Mr. P. W. Finney, NRC Sr. Resident Inspector.
Mr. J. A. Whited, NRC Project Manager Mr. L. J. Winker, PA DEP/BRP TM to PLA-6979 NRC Decommissioning Funding Status Report December 31,2012 to PLA -6979 Page 1 of3 NRC Decommissioning Funding Status Report December 31, 2012 PPL Susquehanna, LLC Susquehanna Steam Electric Station PPL Susquehanna, LLC (PPL) hereby submits this Decommissioning Report in compliance with 10 CFR 50.75(+/-)(1) for its 90% share of Susquehanna Steam Electric Station (SSES) Unit 1 and Unit 2.
PPL has analyzed its current funding levels for both SSES units and concluded that these funding levels will be sufficient to pay for the decommissioning costs of each unit at the time permanent termination of operations is expected for each unit, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c).
Information is submitted to provide Financial Assurance
- 1. The minimum amount of decommissioning funds estimated to be required pursuant to 1 0 CFR 50.7 5 (b) and (c).
At December 31,2012. to PLA -6979 Page 2 of3 Unit# 1 Unit #2
$622,444,500
$622,444,500 PPL Susquehanna, LLC's calculation of the NRC minimum formula is reflected in Exhibit 1 (behind this Attachment).
- 2. The amount accumulated at the end of the calendar year preceding the date of the report, net of taxes paid on realized gains and losses, for items included in 10 CFR 50.75 (b) and (c).
Market Value at December 31, 2012.
$336,740,865
$375,050,913
- 3. Annual amounts remaining to be collected.
$0
$0
- 4. The assumptions used regarding escalation in decommissioning cost, rates of earnings on decommissioning funds, and rates of other factors used in funding projections.
Estimated Inflation rate for decommissioning costs 0%
0%
Estimated Real Earnings rate on decommissioning 2.0%
2.0%
funds per 10 CFR 50.75(e)(1)(ii) which are credited up to the time of permanent termination of operations along with a pro-rata credit during the dismantlement period.
Rates of other factors used in funding projections None None
- 5. Any power sale contracts upon which licensee is None None relying to provide financial assurance.
Information is submitted to provide Financial Assurance
- 6. Modifications to licensee's method of providing financial assurance since previous report.
- 7. Material changes to trust agreement. to PLA -6979 Page 3 of3 Unit# 1 Unit #2 None None None None
Calculation of Escalation Factors to PLA -6979 Exhibit 1 Page 1 of3 Used in Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units land 2 Boiling Water Reactor (BWR)
Escalation Factor Formula-0.65(L) + 0.13(E) + 0.22(B)
Escalation= (.65 x 2.547) + (.13 x 2.704) + (.22 x 14.160)
Escalation= (1.656 +.352 + 3.115) = 5.123 (L)- Labor- (Bureau ofLabor Statistics, Table 6, Compensation, Employment Cost Index, for total compensation, private industry workers, by bargaining status, region and area size)
Northeast region-December 2012 Index Number December 2005 Index Number December 2005 Base L=
117.9 times 2.16 Equals 100.0 117.9 100.0 2.16 2.547 (E) - Energy - (Producer Price Index Commodities, Series ID:
WPU0543 and WPU0573)
E =
(.54P +.46F)
E =
(.54 X 1.865) + (.46 X 3.690)
E =
1.007 + 1.697 = 2. 704 P - Industrial Power, 500 kW Demand- (Commodity 0543)
December 2012 Index Number 213.0 January 1986 Index Number 114.2 (1)
P =
213.0 equals 1.865 114.2 to PLA -6979 Exhibit 1 Page 2 of3 F -Light Fuel Oils - (Commodity 0573)
F=
(B) Waste Burial December 2012 Index Number 302.6 January 1986 Index Number 82.0 302.6 equals 82.0 3.690 NUREG-1307, Rev. 15, "NRC Report on Waste Burial Charges" Table 2.1 Generic LL W Disposal Site, Combination of Compact-Affiliated and Non-Compact Facility 14.160 (1) Represents the national base value ofP at January 1986. The base value ofP is no longer determined on a regional basis.
PPL Susquehanna, LLC to PLA -6979 Exhibit 1 Page 3 of3 Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1 and 2 Base amount for B WR greater than 3,400 MWt = $135 million The Power Level of Unit 1 = 3,952 MWt and Unit 2 = 3,952 MWt Ownership Percentage Base Amount per Unit Escalation Factor Escalated Amount per Unit Unit 1
$135,000,000 90%
$121,500,000 5.123
$622,444,500 Unit2
$135,000,000 90%
$121,500,000 5.123
$622,444500 Total Escalated Amount (Unit 1 +Unit 2)
$1,244,889,000