PLA-7923, NRC Decommissioning Funding Status Report

NRC Decommissioning Funding Status Report

ML21090A242
Person / Time
Site:	Susquehanna
Issue date:	03/31/2021
From:	Cimorelli K Susquehanna, Talen Energy
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
PLA-7923
Download: ML21090A242 (8)

Text

Kevin Cimorelli Susquehanna Nuclear, LLC Site Vice President 769 Salem Boulevard Berwick, PA 18603 TALEN~

Tel. 570.542.3795 Fax 570.542.1504 Kevin.Cimorelli@TalenEnergy.com ENERGY March 31, 2021 U.S. Nuclear Regulatory Commission 10 CFR 50.75 Attn: Document Control Desk Washington, DC 20555-0001 SUSQUEHANNA STEAM ELECTRIC STATION NRC DECOMMISSIONING FUNDING STATUS REPORT Docket Nos. 50-387 PLA-7923 and 50-388 Pursuant to 10 CFR 50.75(£)(1), Susquehanna Nuclear, LLC (Susquehanna) hereby submits decommissioning information for its ninety percent share of Susquehanna Steam Electric Station (SSES) Unit 1 and Unit 2.

The attachment to this letter contains the NRC Decommissioning Funding Status Report for Susquehanna at December 31,2020.

If you have any questions regarding the decommissioning report, please contact Ms. Melisa Krick, Manager ofNuclear Regulatory Affairs, at (570) 542-1818.

There are no new or revised regulatory commitments identified in this letter.

K. Cimorelli

Attachment:

NRC Decommissioning Funding Status Report December 31, 2020 Copy: NRC Region I Ms. S. Goetz, NRC Project Manager Mr. Chris Highley, NRC Sr. Resident Inspector Mr. M. Shields, PA DEP/BRP

Attachment to PLA-7923 NRC Decommissioning Funding Status Report December 31, 2020

Attachment to PLA-7923 Page 1 of 3 NRC Decommissioning Funding Status Report December 31, 2020 Susquehanna Nuclear, LLC Susquehanna Steam Electric Station Susquehanna Nuclear, LLC (Susquehanna) hereby submits this Decommissioning Funding Status Report in compliance with 10 CFR 50.75(f)(1) for its 90% share of Susquehanna Steam Electric Station (SSES) Unit 1 and Unit 2.

Susquehanna 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).

Attachment to PLA-7923 Page 2 of 3 Information is submitted to provide Financial Assurance Unit # 1 Unit #2

1. The minimum amount of decommissioning funds estimated to be required pursuant to 10 CFR 50.75 (b) and (c).

At December 31, 2020. $624,753,000 $624,753,000 Susquehanna Nuclear, 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, 2020. $695,622,911 $774,735,956

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.

6. Modifications to licensee's method of providing None None financial assurance since previous report.

Attachment to PLA-7923 Page 3 of3 Information is submitted to provide Financial Assurance Unit# 1 Unit #2

7. Material changes to tmst agreement. None None

Attachment to PLA-7923 Exhibit 1 Page 1 of 3 Calculation of Escalation Factors Used in Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1and 2 Boiling Water Reactor (BWR)

Escalation Factor Formula - 0.65(L) + 0.13(E) + 0.22(B)

Escalation = (.65 x 3.110) + (.13 x 2.278) + (.22 x 12.837)

Escalation = (2.022 + .296 + 2.824) = 5.142 (L) - Labor - (Bureau of Labor Statistics, Table 6, Compensation, Employment Cost Index, for total compensation, private industry workers, by bargaining status, region and area size)

Northeast region - December 2020 Index Number 144.0 December 2005 Index Number 100.0 December 2005 Base 2.16 L= 144.0 times 2.16 Equals 3.110 100.0 (E) - Energy - (Producer Price Index Commodities, Series ID: WPU0543 and WPU0573)

E= (.54P + .46F)

E= (.54 x 2.038) + (.46 x 2.559)

E= 1.101 + 1.177 = 2.278 P - Industrial Power, 500 kW Demand - (Commodity 0543)

December 2020 Index Number 232.7 January 1986 Index Number 114.2 (1)

P= 232.7 equals 2.038 114.2

Attachment to PLA-7923 Exhibit 1 Page 2 of 3 F - Light Fuel Oils - (Commodity 0573)

December 2020 Index Number 209.8 January 1986 Index Number 82.0 F= 209.8 equals 2.559 82.0 (B) Waste Burial NUREG - 1307, Rev. 18, NRC Report on Waste Burial Charges Table 2.1 Generators Located in the Unaffiliated States and those located in compact-affiliated states having no disposal facility 12.837 (1) Represents the national base value of P at January 1986. The base value of P is no longer determined on a regional basis.

Attachment to PLA-7923 Exhibit 1 Page 3 of 3 Susquehanna Nuclear, LLC Computation of Minimum Financial Assurance Amount for Decommissioning Susquehanna Steam Electric Station Units 1 and 2 Unit 1 Unit 2 Base amount for BWR greater than 3,400 MWt = $135 million The Power Level of Unit 1 = 3,952 MWt and Unit 2 = 3,952 MWt $135,000,000 $135,000,000 Ownership Percentage 90% 90%

Base Amount per Unit $121,500,000 $121,500,000 Escalation Factor 5.142 5.142 Escalated Amount per Unit $624,753,000 $624,753,000 Total Escalated Amount (Unit 1 + Unit 2) $1,249,506,000